Gold slips as share markets gain ahead of Fed meeting
- Gold prices rose for a second straight session on Monday, as the dollar slipped after sombre U.S. data increased chances the Federal Reserve will signal a dovish policy stance at its meeting this week.
The U.S. Fed will begin its meeting on interest rates on Tuesday, which ends with a news conference on Wednesday. Markets currently expect there will be no rate hikes this year, and are even building in bets for a rate cut in 2020. “One of the most important drivers for gold is the U.S. dollar strength and the dollar is in turn beholding to the U.S.-China trade negotiations,” said Michael McCarthy, chief market strategist, CMC Markets, adding $1,290 and $1,310 are the key support and resistance levels, respectively.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This THC-Infused 'Pot O' Gold' Edible Is Covered In Actual GoldThink of it as the McDonald's Shamrock Shake for those of us who prefer a gentle euphoria to the gastrointestinal nightmare of processed dairy spiked with 'shamrock syrup.'
Read more »
Barrick Gold ends hostile Newmont bid, signs Nevada joint ventureBarrick Gold Corp on Monday pulled its $18 billion offer for Newmont Mining Corp...
Read more »
US Treasury yields move higher ahead of a Fed meetingU.S. government debt prices were lower on Monday, as investors awaited a Federal Reserve meeting later this week.
Read more »
Week Ahead: Fed to make important forecasts as stocks on 'precipice' of breaking outThe Fed's meeting is the big deal for markets in the coming week, and it is widely expected to send a message that investors could find bullish.
Read more »
Why rising wages could push the Fed toward more rate hikes yetRising wages were one of the few positives to come out of the Bureau of Labor Statistics' monthly nonfarm payrolls release.
Read more »
Pakistan military eyes key role developing giant copper and gold minePakistan's military is taking a key role in the development of one of the w...
Read more »
Barrick Gold ends hostile bid for Newmont, announces joint venture in NevadaBarrick Gold and Newmont Mining signed an agreement to create a joint venture for their mining operations in Nevada.
Read more »
Barrick Gold, Newmont Mining Agree to Joint VentureBarrick Gold, the world’s biggest gold miner, called off its nearly $18 billion offer for rival Newmont Mining after the two agreed to a Nevada joint venture.
Read more »
Barrick ends hostile bid for Newmont, signs Nevada joint ventureBarrick Gold Corp withdrew its $18 billion bid for its biggest rival Newmont Min...
Read more »