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Gold rises as markets anticipate rate cuts


Wednesday, 24 July 2019 17:35 WIB

GOLDEMAS Spot Emas


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Gold prices rose on Wednesday on expectations of monetary policy easing from major central banks to shore up the global economy though a stronger dollar curbed gains.

Spot gold was up 0.7% at $1,426.62 per ounce as of 09:51 GMT, but was still short of last week's peak at $1,452.60.

U.S. gold futures for August delivery rose 0.4% to $1,427.00 per ounce.

The European Central Bank (ECB) is expected to signal easier monetary policy when it meets on Thursday. Investors are also looking ahead to the U.S. Federal Reserve's July 30-31 policy meeting at which it is expected to cut its overnight benchmark lending rate.

Source : Reuters


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