Gold Treads Water As Traders Hold Breath Ahead of Fed

Wednesday, 11 December 2019 17:39 WIB



Precious metals drifted as traders await Wednesday’s Federal Reserve meeting. Palladium held near $1,900 an ounce after smashing fresh records Tuesday.

Spot gold edged 0.2% higher to $1,467.24/oz by 10:15am in London.Spot silver, platinum and palladium also little changed. Bloomberg Dollar Spot Index up 0.1%.

While the Fed is widely expected to keep rates unchanged at its final gathering of the year, commentary from the policy makers will be closely watched for clues on further moves. Also in focus are Thursday’s election in the U.K. and the U.S.-China tariff deadline.

Exchanged traded funds backed by precious metals all saw outflows in the last trading session, according to the most recent data compiled by Bloomberg. ETF holdings of silver have dropped to the lowest since August.

Source : Bloomberg


  • Gold futures rallied on Friday, posting a gain of 3.9% for the week and logging their highest most-active contract settlement since February 2013. "Gold has broken out of its historical shackles as a...



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.