Gold Prices Hold Above $1,500 Ahead of Fed Minutes, Powell
Wednesday, 21 August 2019 19:13 WIB | PRECIOUS METALS |GOLDEMAS Spot Emas

Gold prices traded lower on Wednesday as safe-haven demand faltered and investors proved cautious ahead of input from the minutes of the last Federal Reserve meeting to be followed by an appearance from the head of the U.S. central bank chief Jerome Powell on Friday.

Spot gold fell $7.21, or 0.5%, to $1,500.20 a troy ounce by 7:41 AM ET (11:41 GMT), while Gold futures for December delivery on the Comex division of the New York Mercantile Exchange, lost $5.55, or 0.4%, to $1,510.15.

The Fed cut rates for the first time in a decade last July, although Powell referred to the move as a "mid-cycle adjustment" and two policymakers voted against the decision, preferring to hold.

Source : Investing.com

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