Wednesday, 27 May 2020
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Gold Prices Slip; All Eyes on Fed
Wednesday, 18 September 2019 12:29 WIB | PRECIOUS METALS |GOLDEMAS

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 ounce in New York by 11:52 PM ET (03:52 GMT).

Investing.com's Fed Rate Monitoring Tool indicates a 50.8% chance the Fed cuts its federal funds rate to 1.75% to 2% from 2% to 2.25%. The central bank delivered its first rate cut in more than a decade in July.

The Fed meeting will kick off a busy round of policy decision from other central banks, including the Bank of Japan, Swiss National bank and the Bank of England which will all deliver decisions on Thursday.

Source : Investing.com

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