Monday, 23 September 2019
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Gold Holds Gain as Fed Seen Primed for 2019 Rate Pause
Thursday, 22 November 2018 09:55 WIB | PRECIOUS METALS |GOLDEMASBullion

Gold held an advance amid debate over whether the Federal Reserve will soften its stance on increasing interest rates.

Bullion for immediate delivery little changed at $1,226.13/oz at 9:49am in Singapore; +0.4% on Wednesday. Bloomberg Dollar Spot Index steady .

Fed Chairman Jerome Powell and his colleagues are likely to turn more wary about tightening. Prospects for slowing global economic growth, fading U.S. fiscal stimulus and volatile financial markets all argue for more caution once officials lift rates next month near or into neutral territory, where policy neither spurs nor reins in economic activity. Higher rates curb the appeal of bullion as it doesn™t pay interest.

Source : Bloomberg

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