Gold prices were stable in early Asian trading on Wednesday (12/18) as the market awaits the Federal Reserve's interest rate decision, where a rate cut is expected to occur.The direction of future monetary policy is still uncertain, especially due to potential inflationary pressures. Source: Newsmaker.id
Gold held steady early on Wednesday (18/12) ahead of an expected US interest rate cut later in the day as the Federal Reserve's policy-making committee wraps up its two-day meeting. The precious metal has held within a $5.00 range so far this week, ahead of a widely expected 25 basis point US interest rate cut from the Federal Open Market Committee, the third rate cut in a row. Source: Newsmaker.id
Gold is in the $2594 area, This level is included in the negative level at the beginning of Thursday (12/19). This is because traders consider the outlook for interest rates after the Federal Reserve signaled caution over the path of easing next year.The US central bank cut interest rates for the third time in a row, but controlled the number of reductions expected in 2025. Fed Chairman Jerome Powell told reporters that while the bank is "on track to continue cutting," officials must first see more progress on inflation. Note: This article is only an analysis and is not a definitive...