DJIA26770.20
LIVE-255.68(-0.95%)
NDX7868.49
LIVE-73.65(-0.93%)

Gold Holds Gains Near $1,500 Ahead of Fed Meeting


Tuesday, 17 September 2019 17:34 WIB

GOLDEMAS Spot EmasSILVER


c_740_198_16777215_00_images_assets_GOLD3_SShutterstock_102742847.jpg

Spot gold clung to Monday's gains, holding close to $1,500 an ounce as investors await critical policy decisions from central banks including the Federal Reserve.

Gold rallied at the start of the week as the strike on Saudi Arabia's crude production fanned demand for havens. Still, prices are drifting close to the 50-day moving average and a breach of that technical level would be a bearish signal for some traders.

The Fed is widely expected to lower interest rates at Sept. 17-18 meeting; Chairman Jerome Powell holds a post-decision press conference Wednesday.

Policy decisions from central banks of Japan, Indonesia and England are due Thursday.

Spot gold +0.1% to $1,499.50/oz at 10:46am in London after gaining 0.7% Monday. Spot platinum falls for third consecutive day. Spot silver steady at $17.8419/oz.

Source : Bloomberg


RELATED NEWS

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.