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Gold Prices Rise; All Eyes on Fed

Tuesday, 18 June 2019 13:02 WIB

GOLDEMAS

Gold prices rose on Tuesday in Asia as traders await the highly-anticipated Federal Reserve meeting that is set to kick off later in the day.

Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.2%, at $1,345.35 per ounce by 12:43 AM ET (04:43 GMT).

Although the Fed is not expected to change interest rates on its policy decision on Wednesday, analysts are widely expecting U.S. central bank chief Jerome Powell to present a more dovish outlook.

Lower interest rates make safe-haven assets such as gold, which does not yield interest, more attractive while weighing on the dollar.

Source : Investing.com

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