Gold Investors Zero In on Fed Meet as Midterms Done
Thursday, 8 November 2018 19:07 WIB |
PRECIOUS METALS |GOLDEMASBullionEmas berjangka
Gold investors have switched their focus to Thursday's Federal Reserve meeting after the unsurprising results of the U.S. mid-term elections failed to nudge prices out of their current range.
Bullion for immediate delivery weakened 0.2% to $1,223.69/oz; lost 0.6% in previous 4 days. Bloomberg Dollar Spot Index little changed.
Fed officials are expected to keep interest rates unchanged at the penultimate gathering of 2018, with investors looking for clues about tightening next year. The strength of the U.S. dollar was one of the principle drags on the price of gold earlier in the year.
The Fed™s tone will give clues on 2019. While it will likely continue to describe U.S. growth and labor market as strong, reinforcing the outlook for a December hike, there may be tweaks to suggest less confidence in the need to raise rates three times next year, as officials projected in September. (sdm)
Friday, 23 August 2019 01:36 WIB
Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole, Wyoming.
U.S. Treasury bonds weakened Thursday, sending the benchmark 10-year Treasury note yield up 2.4 basis points to 1.6046%. Rising bond yields can ...
Thursday, 22 August 2019 19:49 WIB
Gold futures headed lower Thursday as bond yields edged up, dimming some of the luster from the precious metal, with the Federal Reserve's annual symposium of central bankers getting underway in Jackson Hole, Wyo.
December delivery was last down $12.10, or 0.8%, to reach $1,503.90 an ounce, after f...
Thursday, 22 August 2019 15:39 WIB
Gold prices fell marginally on Thursday, lingering around the key $1,500 level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts.
Spot gold inched down 0.2% at $1,499.60 per ounce as of 07:47 GMT.
U.S. gold fu...
Thursday, 22 August 2019 08:55 WIB
Gold held a decline as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday while mulling the minutes from the central bank™s latest meeting.
Minutes from the July 30-31 meeting released Wednesday showed that Fed officials&nbs...
Thursday, 22 August 2019 01:24 WIB
Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes.
After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from say...