Gold Settles, Focus on Powell’s speech

Gold prices settled on Wednesday, as concerns about the global economic outlook eased pressure from the progress in us-china trade agreement negotiations between, while investors awaited a speech from US Federal Reserve Chairman Jerome Powell.

The spot of gold at 1919.71 dollars an ounce, down by 0.44%, while metal futures for December delivery rose 0.2% at 1926.50 dollars.

The dollar index, which measures the performance of the greenback against a basket of 6 major currencies, is trading at 93.1230 points, down by 0.11%.