Gold gaining altitude amid easing geopolitical tensions

MARKET sentiments improved as key progress was reported out of the US-China trade talks which took place in Washington this week. During the Federal Open Market Committee meeting, a unanimous decision was reached to maintain US interest rates in the target range of 2.25 per cent to 2.5 per cent. The meeting minutes also cited a strong labour market and current economic growth at a solid rate. US equity markets resumed their bullish streak as fears and uncertainty were allayed temporarily, while weaker-than-expected Chinese manufacturing data did little to ease the bullish momentum.

What should investors look out for next week?

Prospects of an easing geopolitical risk and better sentiments for economic growth might result in temporal lacklustre bullion appeal should investors start to engage in risk-on investment.