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Gold Hits Eight-Month High as Investors Count Down to the Fed


Wednesday, 30 January 2019 15:46 WIB

GOLDEMAS


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Gold advanced to an eight-month high as investors awaited clues about the outlook for U.S. monetary policy, with Federal Reserve Chairman Jerome Powell scheduled to hold a news conference later Wednesday after the central bank’s inaugural rate-setting meeting of 2019.

Spot bullion rose as much as 0.3 percent to $1,315.56 an ounce, the highest level since May, and was at $1,314.56 at 7:59 a.m. in London. Gold is up 2.5 percent this year and is heading for a fourth straight monthly gain, while a gauge of the dollar is down for a third month.

Source : Bloomberg


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