Gold Edges Up to Notch a 5-Month High Ahead of The Fed's Policy Update
Wednesday, 19 December 2018 02:38 WIB |
PRECIOUS METALS |GOLDEMAS
Gold prices on Tuesday marked a modest gain, enough to notch their highest finish in five months, finding some support on a weaker dollar ahead of a monetary policy update this week from the Federal Reserve.
Traders eagerly awaited the central bank™s decision on interest rates, as well as hints on the Fed™s pace for next year™s expected rate increases, when it issues its latest outlook for monetary policy Wednesday.
Gold for February delivery on Comex edged up by $1.80, or 0.1%, to settle at $1,253.60 an ounce”the highest finish since July 10, according to FactSet data. The contract has gained about 2.2% month to date. The SPDR Gold Shares ETF traded up 0.2% in Tuesday dealings, expanding its month-to-date gain to 2.3%.
Source : Marketwatch
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