Gold Edges Lower Ahead Of Fed Decision
Wednesday, 1 May 2019 20:07 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasSILVER

Gold futures edged lower Wednesday as investors await the conclusion of a Federal Reserve meeting that™s fully expected to leave rates unchanged but might offer clues to the central bank™s assessment of the economic backdrop and path for monetary policy.

Gold for June delivery on Comex fell $2.30, or 0.2%, to $1,283.40 an ounce, while most-active July silver shed 7.9 cents, or 0.5%, to $14.905 an ounce.

The Fed is fully expected to remain on hold Wednesday, but Chairman Jerome Powell™s remarks will be closely watched for clues to policy makers™ thinking. The Fed is scheduled to release its policy statement at 2 p.m. Eastern, after the regular close for gold futures, with Powell™s news conference set for 2:30 p.m.

Source : MarketWatch

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