PT Solid Gold Berjangka | Gold Holds Gains Ahead of Fed Release With Rates Path in Focus
GOLD EMAS PT SGB SOLID GROUP SG BERJANGKA SOLID GOLD BERJANGKA
Solid Gold Berjangka | Gold held four straight days of gains before the release of Federal Reserve minutes later Wednesday that will provide fresh clues on when the US central back will pivot to monetary easing.
Swaps traders currently see little chance of the Fed lowering borrowing costs before June, after recent data showed inflation in the world’s biggest economy remains stubbornly sticky. Higher rates are typically negative for bullion, which doesn’t yield interest.
Along with the release of the central bank’s minutes from its January meeting, a number of policymaking officials are scheduled to speak later this week, including Fed Governor Christopher Waller on Thursday.
Spot gold was little changed at $2,023.70 an ounce at 8:35 a.m. in Singapore, after climbing 1.6% over the previous four sessions. The Bloomberg Dollar Spot Index was flat. Silver and platinum were steady, while palladium edged higher.
Source : Bloomberg