PT Solid Gold Berjangka | Gold Slow Advance Peters Out as Traders Wait for Fed Waller
GOLD EMAS PT SGB SOLID GOLD BERJANGKA SOLID GROUP SG BERJANGKA
Solid Gold Berjangka | Gold stalled after pushing modestly higher for five days as Federal Reserve minutes showed policymakers seem content to leave rates higher for longer until they’re sure inflation will keep cooling.
Spot bullion was steady above $2,026 an ounce after rising 1.7% over the previous five sessions, the longest winning run for the haven asset this year. The minutes, released on Wednesday, showed officials in no rush to cut rates. That tends to be a negative for gold as it pays no interest.
Further insights into the trajectory of US monetary policy come later Thursday with Fed Governor Christopher Waller scheduled to speak on the economic outlook. Last month, Waller said the US central bank should take a cautious and systematic approach to cutting.
Spot gold was almost unchanged at $2,026.47 an ounce at 8:41 a.m. in Singapore. The Bloomberg Dollar Spot Index was steady. Silver was flat after falling for three days, while platinum and palladium ticked higher.
Source : Bloomberg