Gold Prices Steady, Remain Above Key $1,300 Level
Friday, 22 March 2019 13:21 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasEmas berjangka

Gold prices were steady on Friday in Asia and remained above the key $1,300 level.

Gold futures traded near flat at $1307.85 on the Comex division of the New York Mercantile Exchange by 1:25 AM ET (05:25 GMT).

The Federal Reserve's reassurance of a steady interest rate policy in 2019 put the U.S. dollar under pressure and boosted prices of the safe-haven gold this week.

Gold is highly sensitive to interest rates, as lower rates tend to pressure the dollar and increase investor interest in non-yielding bullion.

The precious metal is now on track for a third straight weekly gain.

Source : Investing.com

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