Wednesday, 11 December 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Holds Tight Range Ahead of Key Brexit Vote, Focus on Fed
Wednesday, 23 October 2019 02:16 WIB | PRECIOUS METALS |EMASGOLD

Gold steadied in a tight range on Tuesday as investors adopted a cautious approach ahead of a crucial Brexit vote, while focus shifted to the U.S. Federal Reserve™s stance on interest rate cuts.

Spot gold was steady at $1,484.60 per ounce. U.S. gold futures settled mostly unchanged at $1,487.5.

œEverything is really quiet. The biggest factor, with the Fed looming and Brexit on the horizon, in the U.S. is really company earnings right now, said Michael Matousek, head trader at U.S. Global Investors.

œPeople who are trading gold consistently are saying Brexit is going to be a non-event and that™s why gold is not moving. (However,) if this is an incorrect assumption, and it becomes a big event, you are going to see a massive move in gold.

British Prime Minister Boris Johnson faces two pivotal votes in parliament that will decide whether he can deliver on his pledge to lead Britain out of the EU in nine days™ time.

Source : Reuters

RELATED NEWS
Gold Treads Water Before Fed Meeting, Trade Deadline...
Wednesday, 11 December 2019 12:48 WIB

Gold held a modest advance as traders awaited the Federal Reserve's final gathering of the year, while weighing the latest smoke signals on the trade front in the countdown to the next set of U.S...

Gold Flat; Price Could Hit $1,550/oz in 2020: Commerzbank...
Wednesday, 11 December 2019 08:28 WIB

Gold prices are flat in early Asian trade before the Fed's interest rate decision later in the day. Gold prices could rise to $1,550/oz next year mainly because the low or negative interest rates in ...

Oil rises but US-China trade war weighs on demand outlook...
Wednesday, 11 December 2019 02:54 WIB

Oil prices inched up on Tuesday as OPEC™s deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the de...

Gold prices end higher for first time in 3 sessions...
Wednesday, 11 December 2019 01:56 WIB

Gold rose on Tuesday, with prices finding support after posting two consecutive sessions of losses. Traders eyed the potential for a U.S.-China trade deal and awaited the outcome of the Federal Reserv...

Gold Extends Post-Payrolls Recovery on Trade Fears...
Tuesday, 10 December 2019 21:16 WIB

Gold prices rose again on Tuesday as fears spread that the U.S. and China won™t sign an interim trade deal before the next round of U.S. import tariffs kicks in on Sunday. Commerce Secretary Wilbur...

LATEST NEWS
Hong Kong Stocks End Firmer On Possible Tariff Delay

Hong Kong stocks closed higher on Wednesday amid speculation that Washington may hold back from slapping new tariffs on Chinese exports that are scheduled to kick in this weekend. At the close of trade, the Hang Seng index was up 0.8% at...

Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election

The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s now less than 24 hours away. Sterling slipped...

European Stocks Open Mixed as Investors Await Fed Decision and US-China Trade News

European stocks made a cautious start Wednesday as investors await the U.S. Federal Reserve™s interest rate decision and monitor developments ahead of the weekend™s U.S.-China trade tariff deadline. The pan-European Stoxx 600 hovered around...

POPULAR NEWS
Gold prices slip a bit ahead of Fed meeting this week
Tuesday, 10 December 2019 03:13 WIB

Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the...

Gold prices end higher for first time in 3 sessions
Wednesday, 11 December 2019 01:56 WIB

Gold rose on Tuesday, with prices finding support after posting two consecutive sessions of losses. Traders eyed the potential for a U.S.-China...

Gold Holds Drop as Equities Rally on Solid U.S. Jobs
Monday, 9 December 2019 09:27 WIB

Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven...

FBI Investigating Shooting at US Naval Base as Terrorism
Monday, 9 December 2019 11:07 WIB

The FBI is investigating the fatal shooting at a Naval base in Florida as an act of terrorism, a special agent said Sunday. Rachel Rojas, special...