Posts
MTECHTIPS;- Gold gains as US dollar weakens after cautious Fed speech
MTECHTIPS-Gold prices rose as much as 1 percent on Wednesday from two-week lows as the US dollar tumbled after Federal Reserve Chairman Jerome Powell indicated that interest rates were near normal, soothing investor worries over the pace of rate hikes. Palladium prices hit a record high at $1,186.30 per ounce. The dollar index , which measures the greenback against a basket of currencies, was down 0.6 percent after Powell said that while there was "a great deal to like" about US prospects, the Fed's gradual interest-rate hikes are meant to balance economic risks. He added that interest rates were 'just below' neutral estimates. "Powell's comments suggest that 2019 may be more of a wait-and-see approach and the assumption of any hikes may be premature," said Tai Wong, head of metals trading at BMO
MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips
WWW.MTECHTIPS.COM
07489294118-119
MTECHTIPS-Gold prices rose as much as 1 percent on Wednesday from two-week lows as the US dollar tumbled after Federal Reserve Chairman Jerome Powell indicated that interest rates were near normal, soothing investor worries over the pace of rate hikes. Palladium prices hit a record high at $1,186.30 per ounce. The dollar index , which measures the greenback against a basket of currencies, was down 0.6 percent after Powell said that while there was "a great deal to like" about US prospects, the Fed's gradual interest-rate hikes are meant to balance economic risks. He added that interest rates were 'just below' neutral estimates. "Powell's comments suggest that 2019 may be more of a wait-and-see approach and the assumption of any hikes may be premature," said Tai Wong, head of metals trading at BMO
MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips
WWW.MTECHTIPS.COM
07489294118-119
No comments:
Post a Comment