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Gold Prices Rise as Fed Decides to Hold on Rates, Signals No 2020 Rate Hike


Thursday, 12 December 2019 12:51 WIB

GOLDEMAS


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Gold prices traded higher on Thursday in Asia after the U.S. Federal Reserve held its benchmark interest rate steady and signalled it expects that hold to last through 2020.

U.S. Gold Futures rose 0.3% to $1,478.95 per ounce by 11:49 PM ET (03:49 GMT).

Overnight, the Fed kept U.S. rates unchanged at 1.5% to 1.75% in its December's policy decision, bringing an end to three back-to-back cuts between July and October.

The central bank also suggested that the current path of monetary policy was "appropriate" to support economic growth and would likely remain in place through next year.

Source : Investing.com


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