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Gold Prices Rise as Traders Eye FOMC Statement


Wednesday, 20 March 2019 13:21 WIB

GOLDEMAS Spot Emas


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Gold prices rose on Wednesday in Asia as traders await the Federal Reserve's monthly policy statement due later in the day.

The Federal Reserve's Federal Open Market Committee (FOMC) began its two-day policy meeting on Tuesday, with a decision on interest rates due later on Wednesday.

Markets widely expect the Fed to deliver a more dovish message about future monetary policy, but traders would pay more attention to the language on the statement and the words from Fed Chair Jerome Powell.

Gold futures were down 0.2% at $1304.55 on the Comex division of the New York Mercantile Exchange by 1:15 AM ET (05:15 GMT).

Source : Investing.com


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