Gold Steadies Near 14-Month High as Investors Eye U.S. Fed Meet
Wednesday, 19 June 2019 15:21 WIB | PRECIOUS METALS |GOLDEMAS

Gold holds near a 14-month high as investors await the outcome of the U.S. Federal Reserve™s meeting later Wednesday, with the central bank widely expected to join its European counterpart in striking a dovish tone.

Bullion for immediate delivery trades steady at $1,345.91 an ounce at 7:05 a.m. in London. The metal jumped as much as 1.1% on Tuesday to near the 14-month high reached last week after indications of more stimulus from the European Central Bank. Holdings in gold-backed exchange-traded funds expanded to the highest since February.

Source : Bloomberg

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