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Gold Marks First Loss in 4 Sessions


Friday, 20 September 2019 01:13 WIB

GOLDEMAS


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Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in interest rates, but raised doubts over the outlook for further monetary easing this year.

"The Fed is, without a doubt, a headwind at this juncture," said Adam Koos, president of Libertas Wealth Management Group. "However, the [stock] market testing summer highs is putting a damper on the fear trade," and haven demand for gold.

December gold declined by $9.60, or 0.6%, to settle at $1,506.20 on Comex after posting gains over the last three sessions.

Source : Marketwatch


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