Gold Edges Higher as Investors Eye Fed Meeting, Dollar
Monday, 18 March 2019 19:36 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures edged higher Monday, attempting to build on a rally that pushed the yellow metal above $1,300 an ounce last week as traders prepare for this week™s meeting of Federal Reserve policy makers and keep an eye on geopolitical developments, including the U.K.™s efforts to reach a deal on leaving the European Union, and the direction of the U.S. dollar.

Gold for April delivery on Comex rose $2.70, or 0.2%, to $1,305.60 an ounce, while May silver was up 3.1 cents, or 0.2%, to $15.355 an ounce.

Gold prices œare a tad higher for a second consecutive session, as the ˜big™ dollar slipped after recent toned-down U.S. data increased chances that the Fed will signal a ˜dovish™ policy stance this week, said Dean Popplewell, vice president of market analysis at Oanda, in a note.

Source : Marketwatch

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