Gold rises on hopes of Fed pause; trade talks in focus

Thursday, 14 February 2019 08:41 WIB

GOLDEMASEmas berjangkaSpot Gold


Gold prices inched up on Thursday on expectations that the U.S. Federal Reserve will hold rates steady this year, while investors hoped for developments in trade talks between Washington and Beijing.

Spot gold was up 0.2 percent at $1,308.20 per ounce, as of 01:05 GMT.

U.S. gold futures were down 0.3 percent at $1,311.

U.S. consumer prices were unchanged for a third straight month in January, leading to the smallest annual increase in inflation in more than 1-1/2 years, which could allow the Federal Reserve to hold interest rates steady for a while.

Several Federal Reserve officials have indicated that they will support a pause in interest rate hikes from the U.S. central bank to assess its impact in economy.

Risk sentiment has remained high over the last 48 hours in the financial markets on rising expectations of a breakthrough in the trade impasse between United States and China which has led to a modest rally in global equities.

Source: Reuters


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