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Gold Drops a Fourth Day as Fed Policy Meeting in Focus


Monday, 19 March 2018 08:44 WIB

GOLDEMASBullion


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Gold heads for longest stretch of declines in almost a month, with the Federal Reserve widely expected to raise rates at its policy meeting this week and investors focusing on further guidance on the pace of tightening.

Bullion for immediate delivery -0.2% to $1,311.36/oz at 9:20am in Singapore, according to Bloomberg generic pricing; -0.7% last week. Bloomberg Dollar Spot Index little changed after +0.2% last week.

In other precious metals, Silver -0.4% to $16.2693/oz, Platinum -0.5% to $945.55/oz and Palladium -0.2% to $992.41/oz.

Source : Bloomberg


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