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Gold Is Drifting Again as Trump Criticizes Fed's Path
Wednesday, 10 October 2018 17:00 WIB | PRECIOUS METALS |GOLDEMASBullionEmas berjangka

Gold's back to treading water as investors weigh President Donald Trump's criticism of the Federal Reserve's pace of interest-rate increases.

Bullion prices have largely been little changed since dropping on Monday by the most since mid-August. Trump said the U.S. central bank is moving too fast with hikes and dismissed concerns about inflation. That follows Fed Chairman Jerome Powell™s comments about sticking to gradual increases while monitoring risks in the economy.

Bullion for immediate delivery weakened 0.3% at $1,186.63/oz in London.

Bloomberg Dollar Spot Index added 0.2%. Yield on 10-year Treasuries at 3.23% after slipping almost 3bps on Tuesday in retreat from 2011 high.

Other precious metals, silver lost 0.3%, platinum fell 0.6%, palladium rose 0.8%.

Source: Bloomberg

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