Gold Holds Drop as Investors Pick Over Fed's Signals on Rates

Thursday, 19 September 2019 15:47 WIB



Gold held a drop after Federal Reserve policy makers offered divergent views on more monetary easing after delivering another rate cut, casting some doubt over a key driver of bullion's surge to a six-year high.

After Wednesday's fall, prices were little changed amid the bank's mixed messaging, with some policy makers flagging that more cuts are needed to fight global headwinds, while others point to a still-solid U.S. economy.

Gold for immediate delivery was flat at $1,495.58 an ounce at 7:36 a.m. in London, after dropping 0.5% on Wednesday in the wake of the Fed's policy committee meeting and Powell's press conference.

Source : Bloomberg


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