Gold Declines for Fourth Day Amid Stronger Dollar
Tuesday, 9 July 2019 18:23 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold fell for a fourth day, its worst run since mid-May, after the dollar strengthened and as investors await a key testimony from Federal Reserve Chairman Jerome Powell.

The recent run of losses was set in train by payrolls data that pointed to a resilient economy and raised doubts over what to expect at the Fed's policy meeting later this month, although financial markets are still pricing in a rate cut. Powell will testify before Congress on Wednesday and Thursday.

Spot gold -0.6% to $1,387.84/oz. Prices -2.2% in the past four sessions.

Source : Bloomberg

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