Wednesday, 19 December 2018 11:08 WIB |
PRECIOUS METALS |GOLDEMAS
Gold holds a gain before the Federal Reserve™s final policy-setting meeting this year, with investors watching for clues on the path of interest rates in 2019.
The Fed needs to deliver on a more dovish stance to avoid disappointing financial markets, according to Mark Haefele, chief investment officer for UBS Global Wealth Management. President Donald Trump issued a fresh appeal to the Fed to avoid making œyet another mistake just hours before the central bank started its gathering.
On the trade war front, the U.S. and China are planning to hold meetings in January to negotiate a broader truce, but are unlikely to have any face-to-face contact before then, according to Treasury Secretary Steven Mnuchin.
Spot gold as much as +0.1% to $1,251.02/oz, highest level since Dec. 10, and traded at $1,249.30 at 9:28am in Singapore.
Source : Bloomberg