Gold Steady After Fed Minutes; Platinum at 3-Month Low
Thursday, 23 May 2019 11:44 WIB | PRECIOUS METALS |GOLD

Gold was steady as minutes from the last Federal Reserve meeting damped expectations for lower rates this year, while the ongoing trade war weighed on equities and the dollar continued its ascent. Platinum fell to the lowest since February.

Spot gold +0.1% to $1,274.26/oz at 9:57am in Singapore; heads for second weekly decline. Price dropped to $1,269.58 on Tuesday, the lowest intraday level since May 3. Bloomberg Dollar Spot Index +0.1%.

Other precious metals: Spot silver little changed. Platinum as much as -0.6% to $799.76/oz as trade tensions and declining global car sales weigh on demand. Palladium -0.3%.

Source: Bloomberg

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