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Gold Prices Edge Forward Ahead of Fed Rate Cut Expectations


Monday, 29 July 2019 20:12 WIB

GOLDEMAS


Gold prices inched higher on Monday ahead of expectations for the Federal Reserve to cut interest rates this week.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange, rose 65 cents, or 0.1%, to $1,419.95 a troy ounce by 8:55 AM ET (12:55 GMT).

The Fed is widely expected to move forward with a 25 basis point reduction to interest rates, its first cut in a decade, when it announces its decision on Wednesday.

Source : Investing.com


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