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Gold holds steady as focus turns to Fed meeting


Tuesday, 17 September 2019 20:17 WIB

GOLDEMAS


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Gold prices were steady on Tuesday as investors adopted a wait-and-see approach ahead of the U.S. Federal Reserve’s two-day monetary policy meeting, when the central bank is widely expected to cut interest rates.

Spot gold firmed slightly, adding 0.43% to $1,504.3 an ounce.

Gold prices rose more than 1% early Monday before settling 0.6% up for the day after a weekend attack on oil facilities in Saudi Arabia inflamed worries over stability in the Middle East.

U.S. gold futures rose 0.05% at $1,512.

Elsewhere, silver edged 0.1% higher to $17.86 an ounce, while platinum slipped 0.4% to $933.15.

Palladium dipped 0.6% to $1,595.37 after touching a record high of $1,626.81 in the previous session.

Source: CNBC


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