Gold prices near flat as shares mixed among fluctuating recession problems at Investing.com
© Reuters. Investing.com – Gold prices traded near flat on Wednesday in Asia, while shares were mixed with long-term recession.
traded on the Comex department of the New York Mercantile Exchange was unchanged at $ 1,321.35 per ounce at 1:43 AM ET (05:43 GMT).
On Friday, equities and other ventures fought after the spread between three-year and 10-year treasury dividends is reversed, a sign of a potential recession.
"Investors are very cautious about financial yield curve inversion, which had appeared many times as early for a recession," said Margaret Yang, market analyst with CMC Markets, Singapore, in a report by Reuters.
Traders also monitor developments in Brexit and Chinese-US trade negotiations, as they can boost the bullion's applause for security, depending on the outcome.
The last round of trade negotiations is scheduled to start on Thursday this week, while the next Brexit vote comes later in the day. [1[ads1]9659005] Elsewhere, US housing began to go 8.7%, the second largest monthly decline since November 2016, said the trading department overnight.
The weak data had little impact on the dollar and gold prices, the one tracking the dollar against a basket of other currencies last traded at 96.405, up 0.2%.
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