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Gold Holds Drop as Traders Await Jackson Hole Meeting

Thursday, 22 August 2019 08:55 WIB

GOLDEMAS

Gold held a decline as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday while mulling the minutes from the central bank’s latest meeting.

Minutes from the July 30-31 meeting released Wednesday showed that Fed officials viewed their first interest-rate cut in more than a decade as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over President Donald Trump’s trade war.

Spot gold little changed at $1,502.79/oz at 8:32am in Singapore; -0.3% Wednesday.

Source : Bloomberg

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