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Gold Holds Steady On Central Bank Policy Expectations


Wednesday, 22 January 2020 21:13 WIB

GOLDEMAS


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Gold prices were little changed on Wednesday as technical support on expected dovish monetary policy from central banks offset revived appetite for riskier assets and an upbeat dollar.

Spot gold was down 0.1% at $1,555.73 an ounce at 13:22 GMT. U.S. gold futures dipped 0.2% to $1,555.50.

Investors will keep a close eye on the European Central Bank’s first policy meeting of the year on Thursday, while the Fed’s first meeting is scheduled for Jan. 28-29.

Lower interest rates reduce the opportunity cost of holding non-yielding bullion and weigh on the dollar.

Source : Reuters


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