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Gold Prices Steady on Fed Policy Outlook Uncertainty


Friday, 14 December 2018 09:29 WIB

GOLDEMAS


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Gold prices steadied on Friday, after slipping to a week-low in the previous session, supported by the uncertainty around the Federal Reserve's next year's policy outlook, while the dollar strengthened on expectations of a rate hike next week.

Spot gold was steady at $1,242.11 per ounce, as of 0133 GMT. Prices fell to their lowest level since Dec. 7 at $1,239.83 on Thursday.

U.S. gold futures were down 0.1 percent at $1,246.4 per ounce.

The dollar firmed against major counterparts as investor focus shifted to an expected U.S. interest rate hike next week, although gains are likely to be capped on greater uncertainty about next year's policy outlook.

Source : Reuters


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