Thursday, 19 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Holds Gain as Weak CPI Boosts Fed's Rate-Cut Case
Thursday, 13 June 2019 09:02 WIB | PRECIOUS METALS |GOLDEMAS

Gold held an advance as weaker-than-expected U.S. inflation data bolstered the case for the Federal Reserve to cut interest rates.

The core consumer price index, which removes energy and food costs, rose 2% in May, according to a Labor Department report Wednesday, while monthly core price-rises, as well as a wider measure of annual inflation, also came in below estimates. The market-implied odds of a July cut increased, with Fed funds futures indicating almost a quarter-point of easing in the next two months.

Investors were also watching latest developments on the trade front with President Donald Trump saying he had no deadline for China to return to negotiations, other than the one in his head.

Spot gold steady at $1,332.52/oz at 9:29am in Singapore after +0.5% Wednesday.

Source : Bloomberg

RELATED NEWS
Gold Posts Third Straight Gain Ahead of Fed Policy Decision...
Thursday, 19 September 2019 01:07 WIB

Gold posted a third straight gain before the conclusion of the Federal Reserve meeting where policy makers are widely expected to cut interest rates Wednesday. The Fed meeting comes amid increas...

Gold prices edge lower as traders await Fed policy decision...
Wednesday, 18 September 2019 20:03 WIB

Gold futures on Wednesday headed lower ahead of a Federal Reserve decision that could set the near-term tone for bullion trading for the next several weeks. December gold on Comex slipped $3.20, or 0...

Gold Holds Line Near $1,500 as Central Bank Titans Decide Policy...
Wednesday, 18 September 2019 16:40 WIB

Gold investors have gone into wait-and-see mode ahead of an expected interest rate reduction by the Federal Reserve later on Wednesday that will kick off a busy round of policy decisions from lea...

Gold Prices Slip; All Eyes on Fed...
Wednesday, 18 September 2019 12:29 WIB

Gold prices slipped on Wednesday in Asia as investors await the Federal Reserve's decision on interest rates due later in the day. Gold Futures for December delivery were down 0.2% to $1,510.55 an ou...

Gold Holds Ground Near $1,500 Before Bonanza of Rate Decisions...
Wednesday, 18 September 2019 08:35 WIB

Gold investors have gone into wait-and-see mode ahead of an expected interest rate reduction by the Federal Reserve later on Wednesday that will kick off a busy round of policy decisions from lea...

LATEST NEWS
Tokyo stocks open up on cheaper yen after US rate cut

Tokyo stocks opened higher on Thursday helped by a cheaper yen against the dollar after the US Federal Reserve announced a rate cut. The benchmark Nikkei 225 index was up 0.85 percent or 186.71 points at 22,147.42, while the broader Topix index...

Hong Kong Shares Fall For Third Day

Hong Kong stocks finished Wednesday with losses, extending a sell-off to a third day as traders fret over the impact of protests on the city, while they are awaiting a key Federal Reserve policy decision later in the day. The Hang Seng Index eased...

S&P 500 Ends Near Flat After Fed Mixed Signals On Future Policy

The benchmark S&P 500 index ended almost flat on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move. The Dow Jones...

POPULAR NEWS
Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves
Tuesday, 17 September 2019 01:34 WIB

Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil...

Gold Notches Second Straight Gain, Adds to Climb Toward 1-Week High
Wednesday, 18 September 2019 01:26 WIB

Gold futures on Tuesday marked a second gain in a row, extending a climb to the highest price in about a week. Traders continued to monitor...

Gold Posts Third Straight Gain Ahead of Fed Policy Decision
Thursday, 19 September 2019 01:07 WIB

Gold posted a third straight gain before the conclusion of the Federal Reserve meeting where policy makers are widely expected to cut interest...

Gold Prices Jump Amid Middle East Tensions; Investors Eye Central Banks Meetings
Monday, 16 September 2019 13:17 WIB

Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted...