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Gold Holds Gain Before Fed as Holdings Hit 6-Year High


Tuesday, 30 July 2019 09:36 WIB

GOLDEMAS Spot Emas


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Gold held a back-to-back gain above $1,400 an ounce, supported by inflows into exchange-traded products, as investors counted down to this week’s Federal Reserve meeting at which policy makers are expected to cut U.S. interest rates for the first time in more than a decade.

In addition, traders were set to track U.S.-China trade talks scheduled to resume in Shanghai on Tuesday. Prospects of a breakthrough are slim, with the two sides seen as further apart than they were three months ago.

Spot gold little changed at $1,425.10/oz at 8:57am in Singapore after +0.6% on Monday and +0.3% on Friday. Silver -0.2% to $16.4205/oz; metal closed at the highest since June 2018 last Wed.

Source : Bloomberg


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