Gold eases as U.S.-China trade talks advance, Fed meeting looms
Monday, 28 October 2019 19:58 WIB | PRECIOUS METALS |SILVERPalladiumEMASGOLD

Gold eased on Monday after jumping 1% in the previous session as progress in U.S.-China trade talks limited further gains, and as caution set in ahead of this week's U.S. Federal Reserve meeting.

Palladium meanwhile continued a record run linked to supply shortages to hit another all-time high.

Spot gold was down 0.1% at $1,503.52 per ounce as of 12:13 GMT, while U.S. gold futures were 0.1% higher at $1,506.80 per ounce.

Traders are watching for further clues on the outlook for monetary policy at the Fed's Oct. 29-30 meeting, at which the U.S. central bank is widely expected to agree to cut its benchmark interest rates for the third time this year.

Among other precious metals, palladium rose 1.3% to $1,786.39 per ounce, having earlier hit a record high of $1,789.43. Silver was flat at $18.01 per ounce, while platinum was up 0.4% at $929.57 per ounce.

Source : Reuters

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