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Gold steady as rising risk appetite offsets Fed pause views


Monday, 21 January 2019 15:45 WIB

GOLDEMASEmas berjangkaSpot Gold


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Gold prices held steady on Monday as expectations that the U.S. Federal Reserve will pause its multi-year interest rate hike cycle were offset by improving risk appetite.

Spot gold was up 0.1 percent at $1,282.80 per ounce by 07:48 GMT, while U.S. gold futures were steady at $1,282.10 an ounce.

Less than two weeks ahead of the U.S. central bank's first policy meeting of the new year, Federal Reserve officials have left little doubt that they want to stop raising interest rates - at least for a while.

Slower global growth, a stock meltdown last quarter, and a partial U.S. government shutdown that threatens consumer confidence and spending have many in the Fed worried.

Gold has risen more than 10 percent since touching 1-1/2-year lows in mid-August, mainly due to tumultuous equity markets and a softer dollar.

Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade, a data showed on Monday.

Source: Reuters


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