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Gold Steady as Trump Says Fed Moving Too Fast


Wednesday, 10 October 2018 13:36 WIB

GOLDEMAS


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Gold steady as investors weigh President Donald Trump’s sustained criticism of the Federal Reserve’s pace of interest rate increases.

Trump said the U.S. central bank is moving too fast with hikes and dismissed concerns about inflation. Fed Chairman Jerome Powell said last week he expects to stick with the current path of gradual increases in borrowing costs while monitoring risks in the economy.

Bullion for immediate delivery flat at $1,189.77/oz by 12:05pm in Singapore; +0.1% on Tuesday.

Source : Bloomberg


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