PETALING JAYA: With uncertainty from the US-China trade war starting to taper, the rally in gold may be faltering as investors abandon the safe haven and move back to ‘riskier assets’.
Gold reached a six-year high on June 25, achieving US$1,422.85 (RM5,889) per ounce. This was on the back of the Federal Reserve signalling a possible cut in interest rates as soon as July, which, in turn, sent the US dollar lower and gave gold prices a lift.
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