Gold Settles Lower, Then Climbs as Fed Signals No 2019 Rate Hikes
Thursday, 21 March 2019 02:28 WIB |
PRECIOUS METALS |GOLDEMAS
Gold prices finished lower on Wednesday, giving back nearly all of their gain from a day earlier, then climbed in electronic trading, finding support as the U.S. dollar weakened in the wake of the Federal Reserve™s latest policy statement.
The central bank left interest rates unchanged as expected and signaled no more interest-rate increases this year.
Gold for April delivery was at $1,315.20 in electronic trading shortly after the Fed news. The contract had lost $4.80, or 0.4%, to settle at $1,301.70 an ounce on Comex Wednesday, giving up nearly all of the $5 an ounce it gained a day earlier.
Source : Marketwatch
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