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

Gold Prices Rise on Rate Cut Expectations


Monday, 22 July 2019 13:11 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD3_00gold-coins.jpg

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 New York Mercantile Exchange inched up 0.1% to $1,427.75 by 12:15 AM ET (04:15 GMT).

The yellow metal was supported by IMF’s comments that the U.S. dollar is overvalued, and U.S. President Donald Trump’s call for lower interest rates.

On Friday, the President accused the Federal Reserve of sticking to a “faulty thought process.”

The Fed is widely expected to cut rates by at least a quarter-point this month, and some believe rates will be 50 basis points lower after the September policy meeting.

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.