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Gold Prices Slip; All Eyes on Fed


Wednesday, 18 September 2019 12:29 WIB

GOLDEMAS


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Gold prices slipped on Wednesday in Asia as investors await the Federal Reserve's decision on interest rates due later in the day.

Gold Futures for December delivery were down 0.2% to $1,510.55 an ounce in New York by 11:52 PM ET (03:52 GMT).

Investing.com's Fed Rate Monitoring Tool indicates a 50.8% chance the Fed cuts its federal funds rate to 1.75% to 2% from 2% to 2.25%. The central bank delivered its first rate cut in more than a decade in July.

The Fed meeting will kick off a busy round of policy decision from other central banks, including the Bank of Japan, Swiss National bank and the Bank of England which will all deliver decisions on Thursday.

Source : Investing.com


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