Silver and gold bars of different weights sit in a display case at the Pro Aurum precious metal vaults in Munich, Germany. Picture: BLOOMBERG/MICHAELA HANDREK-REHLE
In his testimony to Congress, Powell pointed to broad global weakness clouding the US economic outlook amid uncertainty on the fallout from the Trump administration’s trade conflict with China and other nations. “During the bull run from $1,280, gold has had relatively few pauses and dips have been pretty shallow, indicating that underlying sentiment remains positive.”
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