MTECHTIPS;-Gold to trade sideways

MTECHTIPS;-Gold to trade sideways

MTECHTIPS-Gold prices were little changed after jumping to their highest in more than nine months on Friday as the dollar retreated on political uncertainty in the United States and a suspected Islamist militant attack in Spain boosted bullion’s safe – haven appeal. Spain mounted a sweeping anti – terrorism operation on Friday after a suspected militant drove a van into crowds in Barcelona, killing 13 people in what police suspect was one of a planned wave of attacks. Pressuring gold, however, was the latest high – level shake up at the White House. U.S. President Donald T rump on Friday fired Stephen Bannon as his chief strategist, removing a powerful and controversial figure known for far – right political views. U.S. stocks rebounded in a volatile session on Friday, while the dollar cut losses and bond yields rose to session highs after the news. Markets were also uncertain about Trump’s ability to push ahead with policies after the disbandment of two high – profile business advisory councils over his remarks on violence at a rally in Virginia last weekend. Policymakers in Europe and the U.S. expressed concerns about unwinding monetary stimulus

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