Wednesday, 16 October 2019
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Gold Prices Rise, Recover from Losses After Fed's Decisions
Friday, 20 September 2019 13:04 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices rose on Friday in Asia, recovering from losses suffered in the previous session following the conclusion of the U.S. Federal Reserve's latest policy meeting.

Gold Futures for December delivery traded 0.4% higher at 1,512.25 per ounce on the Comex division of the New York Mercantile Exchange by 12:42 AM ET (04:42 GMT).

The Fed cut rates for the second time this year Wednesday, again by a quarter point. The federal funds rate is now 1.75% to 2%.

The U.S. dollar, which usually moves in directions opposite to the yellow metal, remained largely unchanged following the move as the cut was widely expected.

Source : Investing.com

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