DJIA27171.90
LIVE17.70(0.07%)
NDX7905.12
LIVE70.22(0.90%)

Gold Retreats From 14-Month High as Fed Cut in Doubt


Monday, 17 June 2019 09:21 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD3_0coins-gold-900.jpg

Gold dropped after hitting a 14-month high on Friday as upbeat economic data at the end of last week suggested that there wasn’t an urgent need for the Federal Reserve to cut interest rates.

Spot gold as much as -0.4% to $1,336.26/oz, and traded at $1,340.08 at 9:19am in Singapore. Prices rose to $1,358.26 on Friday, highest level since April 2018. Bloomberg Dollar Spot Index steady after +0.4% Friday.

U.S. stores and factories reported a pickup in activity last month, according to government figures released Friday. Still, earlier numbers for payrolls and inflation were less robust, which means that investors will be closely watching the Fed’s policy decision Wednesday for signals on where monetary policy is heading.

Source : Bloomberg


RELATED NEWS

  • Gold prices rose on Monday in Asia after landing a second-straight week of gains as traders expect a U.S. rate cut this month. Gold futures for August delivery, traded on the Comex division of the Ne...

POPULAR NEWS

DISCLAIMER

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.