On Wednesday, the popular yellow metal Gold softened following an increase above 1% in the previous trading session. The reason was the concerns regarding a potential recession. However Gold continued to trade close to a more than six-year top due to expectations that a rate cut by the U.S. central bank and the ongoing trade war will boost once more the precious metal. U.S. gold futures fell 0.4% to $1,545.09 an ounce. Spot gold dropped 0.4% to $1,535.68 per ounce.
Asian markets closely watch U.S economy
Daily Analysis - 28/08/2019