Friday, 21 September 2018 01:26 WIB |
PRECIOUS METALS |GOLDEMASEmas berjangka
Gold saw prices edge higher, building on a rise for the week on the heels of a decline in the benchmark dollar index, which has already shed nearly 2% over the past month.
Gold prices edged up, with the Dec. gold settled at $1,211.30/oz, up $3, or nearly 0.3% as the dollar index dropped 0.5%. The dollar and gold, which is chiefly priced in the U.S. currency, tend to move inversely.
Fed policy makers will meet for a two-day meeting ending Sept. 26. The market is pricing in over a 90% chance of a quarter-point rate hike then. The Fed has penciled in four moves in total this year. That means another hike is likely in December, a move that financial markets are largely expecting though traders have shown some flashes of wavering confidence of late, citing trade uncertainty and global economic hiccups.