Gold Gains on Dovish Fed Expectation; Palladium Record

Tuesday, 19 March 2019 15:12 WIB



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

Spot gold +0.1% to $1,305.49/oz at 7:42am in London after +0.6% in previous 2 days. Palladium as much as +0.6% to record $1,588.77/oz. Bloomberg Dollar Spot Index steady after -0.2% on Monday.

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.

Source : Bloomberg


  • Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the phys...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.