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Gold Drops With Silver as Bulls Take Break Before Fed


Tuesday, 23 July 2019 15:16 WIB

GOLDEMASPerak


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Gold dropped after U.S. lawmakers agreed on a debt-limit deal, boosting investors’ appetite for riskier assets as the dollar ticked higher. Silver retreated from near the highest level since June 2018.

President Donald Trump announced the deal to suspend the debt ceiling and boost spending levels, averting the risk of a payments default. Meanwhile, as next week’s Federal Reserve policy-setting meeting looms, speculators and asset managers have been staking out increasingly divergent stances on the path of interest rates as prospective cuts come more closely into focus.

Spot gold -0.5% to $1,417.72/oz at 7:19am in London.

Source : Bloomberg


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