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Gold Steadies With Fed and Tariffs in Focus This Week
Monday, 9 December 2019 18:01 WIB | PRECIOUS METALS |EMASGOLD

Gold steadied after a drop on Friday as traders turned their focus to upcoming central bank policy meetings.

Spot gold edged 0.2% higher to $1,463.50/oz by 10:41am in London after dropping 1.1% on Friday. Spot silver also little changed at $16.6085/oz after falling 2.3% in the previous session. Palladium advanced 0.3% to hit a fresh record of $1,885.77/oz. Platinum declined. Bloomberg Dollar Spot Index steady.

In focus this week are the Federal Reserve and European Central Bank™s gatherings, which may offer clues on whether more easing is in store in 2020. Investors are also waiting for news on whether Washington will go ahead with a planned Dec. 15 tariff hike on Chinese imports.

Source : Bloomberg

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