Gold eased on Friday and was set for its worst week in nearly five months, as la...
- Gold eased on Friday and was set for its worst week in nearly five months, as lack of clarity from U.S. Federal Reserve on the outlook for interest rate cuts triggered investors to cash in some gains ahead of Jerome Powell’s speech at Jackson Hole.
Meanwhile, in the U.S. bond market, the two-year, 10-year Treasury yield curve briefly moved back into inversion overnight. This inversion has heralded several past U.S. recessions. Traders are also awaiting the Group of Seven summit this weekend for clues on what additional steps policymakers may take to boost economic growth.
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