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Gold Ends Modestly Higher, Edges Up Further in Electronic Trade after Fed Minutes


Thursday, 23 May 2019 01:18 WIB

GOLDEMAS


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Gold prices posted a modest gain on Wednesday, recouping a portion of the loss from a day earlier as U.S. benchmark stock indexes moved lower.

Prices then moved a few cents higher in electronic trading after minutes from the Federal Open Market Committee's April 30 to May 1 meeting showed that voting members seemed comfortable with their patient stance on interest rates. In electronic trading, gold for June delivery was at $1,274.50 an ounce shortly after the meeting minutes. The contract had climbed by $1, or nearly 0.2%, to settle at $1,274.20 an ounce on Comex, ahead of the news.

Source : Marketwatch


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