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Gold Settles Lower, Then Climbs as Fed Signals No 2019 Rate Hikes


Thursday, 21 March 2019 02:28 WIB

GOLDEMAS


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Gold prices finished lower on Wednesday, giving back nearly all of their gain from a day earlier, then climbed in electronic trading, finding support as the U.S. dollar weakened in the wake of the Federal Reserve’s latest policy statement.

The central bank left interest rates unchanged as expected and signaled no more interest-rate increases this year.

Gold for April delivery was at $1,315.20 in electronic trading shortly after the Fed news. The contract had lost $4.80, or 0.4%, to settle at $1,301.70 an ounce on Comex Wednesday, giving up nearly all of the $5 an ounce it gained a day earlier.

Source : Marketwatch


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