Wednesday, 19 February 2020
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Gold Jumps as Fed Keeps Door Open for Rate Cut
Thursday, 20 June 2019 13:04 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices jumped on Thursday in Asia after the U.S. Federal Reserve kept the door open for an interest rate cut later this year.

Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 2.6% at $1,383.50 per ounce by 12:45 AM ET (04:45 GMT).

In its latest policy meeting, the Fed kept its benchmark rate unchanged in a range of 2.25% to 2.5% as expected.

However, it also signalled it was prepared to lean toward a more dovish stance amid slowing inflation and stuttering global growth.

Source : Investing.com

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