Wednesday, 14 March 2018 19:05 WIB |
PRECIOUS METALS |GOLDEMASBullionEmas berjangka
Gold steady as investors assess turmoil in President Donald Trump™s administration, following firing of U.S. Secretary of State Rex Tillerson, and report showing U.S. inflation remains muted.
Bullion for immediate delivery edged 0.1% lower to $1,325.52/oz. Bloomberg Dollar Spot Index weakened 0.1%.
With dollar likely to extend weakness as traders start to temper expectations on Fed rate hikes, gold could rise to $1,336-$1,341, saysStephen Innes, head of trading for Asia Pacific at Oanda
Innes cites other reasons to increase haven hedges, including White House™s revolving door, potentially hawkish shift in U.S. foreign policy and U.S. protectionism.
In other precious metals, silver little changed at $16.5963/oz. Platinum added 0.5% to $970.82/oz while palladium rose 1.3% to $1003.45/oz.