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Gold Ends Higher as Traders Expect Fed to Maintain Dovish Stance


Wednesday, 20 March 2019 03:39 WIB

GOLDEMASSILVER


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Gold futures ended higher Tuesday, finishing above $1,300 an ounce for a third straight session, as traders looked to a two-day Federal Reserve meeting that's expected to see policy makers maintain a dovish stance.

April gold on Comex rose $5, or 0.4%, to settle at $1,306.50 an ounce—the highest finish for a most-active contract since the month-to-date high on March 13. May silver settled 5 cents higher at $15.372 an ounce, up 0.3%.

The statement from the Federal Open Market Committee due out Wednesday will be closely watched in terms of its "interpretation of slower inflation and recent jobs numbers and further indications of a slowdown," said Jeff Wright, executive vice president of GoldMining Inc.

Source : Marketwatch


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