Gold Extends Drop as Investors Weigh Powell's Message
Thursday, 2 May 2019 16:03 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasSILVER

Gold fell for a second day after the Federal Reserve kept rates unchanged, with Chairman Jerome Powell saying the central bank has no bias to either tighten or ease, while playing down recent weakness in inflation.

Investors were also weighing a CNBC report that said it was possible the U.S. and China could announce a trade deal as soon as next Friday, citing sources it didn™t identify.

Spot gold -0.4% to $1,271.51/oz at 7:40am in London, heading for lowest close since Dec.; -0.5% Wednesday. Meanwhile, Spot silver -0.3% after as much as -0.5% earlier to lowest since Dec. 20

Source : Bloomberg

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