DJIA21636.78
LIVE-915.39(-4.06%)
NDX7588.37
LIVE-308.76(-3.91%)

Gold Steady Ahead of U.S. Fed Decision, Powell Speech


Wednesday, 30 October 2019 16:27 WIB

GOLDEMASPalladiumSILVER


c_740_198_16777215_00_images_assets_GOLD3_0gold-coins.jpg

Gold steadies as traders await the outcome of a Federal Reserve rate-setting meeting later Wednesday, with the U.S. central bank projected to lower borrowing costs for a third straight meeting and offer clues on the policy path into 2020 amid slowing growth and the trade war.

Beyond the rate decision, the key for investors will be the tone and substance of Chairman Jerome Powell's press conference after the move is announced, at which he may signal a pause in this year's monetary-easing campaign while emphasizing flexibility should the economic outlook shift significantly.

Spot gold little changed at $1,490.48/oz at 8:52 am in London, after a two-day drop. Palladium +0.6% to $1,791.68/oz after -1.2% on Tues. Silver +0.2%.

Source : Bloomberg


RELATED NEWS

  • Gold futures settled with a loss on Friday but still scored the biggest weekly rise in more than 11 years in a rebound fueled in part by a weaker U.S. dollar and concerns about disruptions in the phys...

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.