Gold Steady Before Jobs Data as Fed Bullish on Economy

Friday, 7 December 2018 10:01 WIB

GOLDEMASEmas berjangkaSpot Gold


Gold held steady as Federal Reserve Chairman Jerome Powell delivered a bullish assessment of the U.S. economy and the job market ahead of November employment data due Friday.

Spot gold strengthened 0.1% to $1,239.19/oz at 9:56am in Singapore. Bloomberg Dollar Spot Index little changed.

Powell's comments are his final scheduled public remarks before the Fed goes into a blackout period ahead of its Dec. 18-19 policy meeting, at which officials are expected to raise interest rates by a quarter percentage point for the fourth time this year.

Investors, though, have reduced their bets on 2019 rate increases amid stock-market losses and heightened fears of a trade war between the U.S. and China.

Economists are forecasting a moderating but still strong pace of hiring in the Labor Department’s monthly report Friday at 8:30 a.m. in Washington, despite some job-market data this week showing the potential for cooling.

Source: Bloomberg


  • Gold pulled back Friday from the latest in a string of more-than-six year highs, but remains on track for a weekly gain. Gold for December delivery on Comex fell $9.60, or 0.6%, to $1,521.69 an ounce...



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.