Gold Prices Rise by 1% as Fed Posture Suggests Rate Hikes Are on Pause
Thursday, 31 January 2019 20:58 WIB |
PRECIOUS METALS |GOLDEMAS
Gold futures rose sharpy higher on Thursday after the Federal Reserve left interest-rates unchanged and employed language hinting at a momentary pause in monetary tightening ” a bullish development for bullion prices.
The most-active April gold contract climbed 12.70, or 1%, at $1,328.30 an ounce, after settling at $1,315.50 an ounce before the Fed™s updated policy statements on Wednesday.
Source : Market Watch
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