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Gold Gains on Dovish Fed Expectation; Palladium Record


Tuesday, 19 March 2019 13:15 WIB

GOLD Spot EmasPalladium


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Gold rose for a third day amid expectations of dovish signals for monetary policy from the Federal Reserve as it meets this week.

The Fed is expected to hold interest rates steady, announce plans for the end of the asset roll-off from its balance sheet, and lower projections for the number of interest-rate hikes this year. The decision is due Wednesday.

Meanwhile, palladium extended this year's gain to reach an all-time high as automakers grapple with an ongoing shortage of the precious metal used in catalytic converters.

Spot gold +0.3% to $1,307.01/oz at 1:33pm in Singapore after +0.6% in previous 2 days 

Palladium as much as +0.5% to record $1,587.25/oz

Source : Bloomberg


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