Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Gold scales up as the expectations regarding Fed not raising interest rates weakens dollar

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

January 14, 2019 (MLN): Gold prices scaled up during initial hours on Monday, as the expectations regarding U.S. Federal Reserve not raising interest rates this year weakened the dollar. Moreover, the previous metal further gained from drop in Asian markets.

Spot gold was up by 0.3 percent at $1,291.42 per ounce, as of 0411 GMT, whereas U.S. gold futures were up by 0.2 percent at $1,291.40 per ounce.

Copyright Mettis Link News

Posted on: 2019-01-14T10:55:00+05:00

25345