Gold Prices Rise on Rate Cut Expectations
Monday, 22 July 2019 13:11 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices rose on Monday in Asia after landing a second-straight week of gains as traders expect a U.S. rate cut this month.

Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange inched up 0.1% to $1,427.75 by 12:15 AM ET (04:15 GMT).

The yellow metal was supported by IMF™s comments that the U.S. dollar is overvalued, and U.S. President Donald Trump™s call for lower interest rates.

On Friday, the President accused the Federal Reserve of sticking to a œfaulty thought process.

The Fed is widely expected to cut rates by at least a quarter-point this month, and some believe rates will be 50 basis points lower after the September policy meeting.

Source : Investing.com

RELATED NEWS

Gold futures end higher for the session, barely changed for the week
Saturday, 18 January 2020 02:03 WIB

Gold futures settled higher on Friday, but barely budged for the week. "Gold has struggled to shine this week as positive economic data from the United States and China cooled concerns over the global economy," said Lukman Otunuga, senior research analyst at FXTM. "Appetite towards the metal was als...

Gold Edges Higher, But Faces Worst Week in Two Months
Friday, 17 January 2020 19:32 WIB

Gold prices edged higher on Friday, but was still on track to post its biggest weekly decline in about two months as solid Chinese data and a preliminary U.S.-China trade deal improved risk appetite. World shares hit record highs after data showed China's economy was stabilizing and the world's sec...

Gold Firm But Hemmed in Tight Range; Set For Worst Week in 2 Months
Friday, 17 January 2020 17:22 WIB

Gold prices edged higher on Friday but traded in a tight range as investors stayed on the sidelines in the absence of news  catalysts. The metal, however, was on track to post its biggest weekly drop in two months, as a long awaited U.S.-China Phase 1 trade deal fueled risk appetite. Spot gol...

Gold Prices Rose Amid Skepticism About U.S.-China Deal
Friday, 17 January 2020 10:36 WIB

Gold prices rose on Friday in Asia amid skepticism about the U.S.-China trade deal.The two countries signed the phase one trade deal on Wednesday, however, there are still doubts whether the U.S. and China can consistently develop the relations. Gold Futures for February delivery on New York™s CO...

Gold prices finish lower as some upbeat economic data dull haven demand
Friday, 17 January 2020 02:11 WIB

Gold futures gave up earlier gains to finish lower on Thursday, as some upbeat U.S. economic data dulled haven demand for the precious metal. Prices also declined on the back of further gains in U.S. benchmark stock indexes, which followed the completion Wednesday of the first stage in a trade pact...

ANOTHER NEWS
S&P 500, Dow close at new records, notch best weekly gains since August
Saturday, 18 January 2020 04:19 WIB U.S. stocks closed at all-time highs Friday, marking the third-straight record close for the Dow and S&P 500, as investors cheered bullish economic data and continued to ride a wave of trade optimism. The Dow Jones Industrial Average rose 50...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.