Tuesday, 19 September 2023 08:09 WIB | GOLD |GOLDEMAS Spot Emas

Gold was steady after three days of gains as investors wait for interest rate decisions by major central banks.

Monetary policy will be determined at key meetings across half of the Group of 20, with the US Federal Reserve paving the way from Wednesday. Rates across developed economies are likely to stay higher for longer as the inflation threat lingers, which is generally negative for non-interest bearing bullion. 

The US dollar, which typically moves in reverse to gold, was steady after slipping 0.1% on Monday.

Spot gold was little changed at $1,932.85 an ounce at 8:59 a.m. in Singapore, after rising 0.5% in the previous session. Silver, platinum and palladium were also steady.

Source : Bloomberg

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