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Gold futures settle at a 14-month high


Wednesday, 19 June 2019 01:18 WIB

GOLDEMAS Spot Emas


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Gold futures climbed Tuesday to settle at their highest in 14 months, as comments from European Central Bank President Mario Draghi set the stage for lower interest rates, ahead of the U.S. Federal Reserve's monetary policy decision Wednesday. "We certainly don't think the Fed will cut [rates], although it is very likely to prepare the markets for a July trim," said Fawad Razaqzada, technical analyst at Forex.com.

August gold rose $7.80, or 0.6%, to settle at $1,350.70 on Comex-the highest most-active contract finish since April 18, 2018, according to FactSet data.

Source : MarketWatch


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