Gold reclaims $1,500 mark ahead of key central bank meetings
Thursday, 12 September 2019 02:06 WIB | PRECIOUS METALS |GOLDEMAS
Gold futures reclaimed the key $1,500-an-ounce mark Wednesday, as traders weighed President Donald Trump's latest tweet calling for the Federal Reserve to cut interest rates down to zero, ahead of the central bank's meeting next week.
Prices for the yellow metal had wavered between modest losses and gains early Wednesday, after four consecutive sessions of declines.
Gold for December delivery on Comex tacked on $4, or 0.3%, to settle at $1,503.20 an ounce, reclaiming the psychologically important $1,500 mark after settling below it on Tuesday for the first time since Aug. 6. December silver lost 1.6 cents, or 0.09%, to $18.17 an ounce.
Source : Marketwatch
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