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Gold Hits Seven-Month Peak on Fed Pause Views, Trade Tensions


Tuesday, 29 January 2019 09:43 WIB

GOLDEMAS


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Gold edged up to a seven-month high on Tuesday, as the dollar weakened ahead of a two-day U.S. Federal Reserve meeting, which will likely keep interest rates steady, and on worries over a rise in Sino-U.S. trade tensions.

Spot gold rose to its highest since June 14 at $1,304.53 in morning trade, and was up 0.1 percent at $1,304.42 per ounce by 0115 GMT. U.S. gold futures were steady at $1,302.80 per ounce.

Investors are focusing on the Fed’s two-day policy meeting, starting later in the day, when the U.S. central bank is expected to leave interest rates unchanged. The Fed raised interest rates four times last year.

Source : Reuters


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