DJIA25628.90
LIVE-623.34(-2.37%)
NDX7465.00
LIVE-242.43(-3.15%)

Gold Prices Drop Amid Powell's Defence of Fed's Independence


Wednesday, 26 June 2019 15:18 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD3_0gold-coins.jpg

Gold prices dropped on Wednesday in Asia as U.S. Federal Reserve chairman Jerome Powell played down expectations of aggressive rate cut.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell 0.1% to $1,411.95 a troy ounce by 1:32 AM ET (05:32 GMT).

Overnight, Powell said the Fed is studying whether the ongoing Sino-U.S. trade war and slowing economic growth warrants a rate cut. But he emphasized that politics won’t be a consideration in its decision.

Source : Investing.com


RELATED NEWS

  • Gold futures rallied Friday, with China’s plan for retaliatory tariffs on U.S. goods helping to boost investor interest in the haven metal. "Gold is likely to be most volatile during FOMC meetings an...
  • Gold prices traded lower on Friday in Asia ahead of the Federal Reserve’s annual Jackson Hole Symposium, where Fed Chair Jerome Powell is expected to provide clarity on future monetary easing plans. ...

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.