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Gold Climbs as Stocks Fall; Fed Rate Cut Expectations Provide Continuing Support


Thursday, 13 June 2019 13:06 WIB

GOLDEMAS


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Gold prices climbed on Thursday in Asia. Risk sentiment remained weak, while rate cut expectations also provided continuing support.

Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.2% at $1,339.95 per ounce by 1:40 AM ET (05:40 GMT).

The Federal Reserve is widely expected to keep rates unchanged at its next meeting due on June 19, but traders have been speculating on the possibility of the central bank cutting rates before the end of this year due to slowing inflation.

Source : Investing.com


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