Gold Holds Drop as Traders Await Jackson Hole Meeting
Thursday, 22 August 2019 08:55 WIB | PRECIOUS METALS |GOLDEMAS
Gold held a decline as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday while mulling the minutes from the central bank™s latest meeting.
Minutes from the July 30-31 meeting released Wednesday showed that Fed officials viewed their first interest-rate cut in more than a decade as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over President Donald Trump™s trade war.
Spot gold little changed at $1,502.79/oz at 8:32am in Singapore; -0.3% Wednesday.
Source : Bloomberg
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