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Gold Takes Aim at $1,300 as Fed Minutes Punish Dollar


Thursday, 10 January 2019 16:01 WIB

GOLDEMAS


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Gold drove toward $1,300 an ounce after the minutes from the last Federal Reserve meeting in December revealed policy makers took a more cautious approach to further rate increases, hurting the dollar.

Spot gold +0.2% to $1,296.41/oz at 7:20am in London, after +0.6% Wednesday: Bloomberg generic pricing. Last week, bullion for immediate delivery rose to as much as $1,298.60/oz, while futures briefly topped $1,300.

Investors are also monitoring developments after U.S.-China trade talks. The Trump administration is pushing for a way to make sure Beijing delivers on its commitments in any deal the two nations reach to defuse a trade war that has roiled financial markets and hurt the outlook for global growth.

Source : Bloomberg


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