Gold edges higher ahead of Fed decision

Wednesday, 30 October 2019 20:11 WIB



Gold futures were clinging to a small gain Wednesday after data showed third-quarter gross domestic product grew at a faster-than-expected pace, while investors awaited the outcome of a Federal Reserve meeting that's expected to deliver the third interest rate cut this year.

Gold for December delivery on Comex rose $2.60, or 0.2%, to trade at $1,493.30 an ounce, while December silver was up 0.9 cent, or 0.1%, at $17.84 an ounce.

The yellow metal trimmed a modest gain after data showed third-quarter U.S. gross domestic product expanded at a 1.9% annual pace, slowing from 2% in the second quarter but coming in above the average forecast by economists for growth of 1.6%.

The Fed concludes a two-day policy meeting Wednesday and is widely, though not universally, expected to deliver a quarter-point interest rate cut, its third of the year. The GDP data, however, reinforces expectations the Fed will seek to cool expectations for additional rate cuts.

Source : MarketWatch




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.