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Gold eyes $1,600 as Fed meeting, new virus threat in focus this week

Monday, 27 January 2020 11:49 WIB Gold Outlook Gold Corner

Gold is well supported and has room to run higher this week as analysts point to the Federal Reserve meeting and the spread of the new corona virus as the two key issues to keep an eye on. The yellow metal battled against risk-on sentiment last week but managed to hold above $1,550 an ounce level and even rise about 0.8% on the week. February Comex gold futures were last trading at $1,572.40, up 0.45% on the day. This week, analysts are keeping a close eye on the Federal Reserve interest rate decision on Wednesday, the spread of the new coronavirus, and the possibility of any new geopolitical tensions. The U.S. central bank meeting, which will be followed by the Fed Chair Jerome...

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SymbolLastChg 
RP998525
JPY99.2-0.01
EURUSD1.3066-0.0025
GPBUSD1.51090.0045

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