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Gold prices rise as the Fed announced the start of a 'massive' bond buying program


Monday, 14 October 2019 21:52 WIB

EMAS


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Gold futures rose Monday, looking to post their first gain in three sessions, finding support as the so-called ''phase one'' of the U.S.-China trade deal reportedly hit a snag and after the U.S. Federal Reserve announced last week that it will start expanding its balance sheet next week.

On Comex, December gold climbed by $5.70, or 0.4%, to $1,494.40 an ounce. On Friday, it posted its lowest finish month to date and the most-active futures contract lost 1.6%.

December silver added 10.6 cents, or 0.6%, to $17.65 an ounce, while December copper shed 1.1 cents, or 0.4%, to $2.617 a pound.

January platinum added $1.30, or 0.1%, to $901.60 an ounce and December palladium rose $1.60, or 0.1%, to $1,671.70 an ounce.

Source: Marketwatch


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