• Sun, Feb 8, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

18 December 2024 07:27  |

Gold Steady Ahead of Fed's Rate Decision

Gold is steady in the early Asian trade as markets await the Federal Reserve's rate decision, where a rate-cut is widely expected.

The monetary policy's future path remains uncertain, particularly due to potential inflationary pressure concerns, FlowCommunity's Ruben Ferreira writes in a note.

Coming policy decisions from other major central banks such as the Bank of Japan are among factors that could influence the precious metal's trajectory in the coming months, Ferreira says. Gold typically has an inverse relationship with interest rates, with high rates damping demand for non-interest-bearing bullion. Spot gold is flat at $2,647.01/oz.

Source : Dow Jones Newswires

Related News

GOLD

Gold Futures Down in Cautious Trade as U.S. Dollar Strength...

Gold futures fell after hitting their highest level in more than a week. Futures were down 0.2% at $2,625 an ounce. Trading i...

20 November 2024 16:28
GOLD

Gold Prices Down amid Stronger USD; Focus Remains on FOMC D...

Gold (XAU/USD) prices attracted some sellers heading into the European session on Tuesday (17/12) and retraced closer to the ...

17 December 2024 14:39
GOLD

Gold Prices Drop on Middle East Ceasefire

Gold prices (XAU/USD) fell during the North American session on Monday (11/25) as news of a ceasefire between Lebanon and Isr...

26 November 2024 06:51
GOLD

Gold Prices Rise Slightly on Global Geopolitical Turmoil

Gold prices rose slightly in Asian trade on Monday (12/9) as geopolitical turmoil in Syria and South Korea helped spur demand...

9 December 2024 13:18
BIAS23.com NM23 Ai