Sponsored Links
Gold rose on Tuesday, snapping a three-session skid, as the dollar fell against major rivals. Investors looked ahead to the Federal Reserve's interest rate announcement tomorrow.
December gold climbed to to $1,015.50, up $10.60 on the session. Prices reached as high as $1,021.50, approaching the 18-month intraday high of $1,025.80 from last week.
Last week, gold posted a record closing high of $1,020.20 per ounce and challenged the the record $1,033.90 reached in March 2008. It should be noted that gold moved near $2,000 in 1980 when adjusted for inflation.
The dollar extended a fresh one-year low against the euro, giving back a recent modest rally. The greenback also moved to the downside versus the sterling.
The Federal Open Market Committee begins its two-day policy meeting, with an interest rate decision due Wednesday afternoon. Although rates are likely to remain near zero, traders will pay close attention to the statement that comes with the announcement, seeking clues on future moves.
On the economic front on Tuesday, the Richmond Fed manufacturing index came in at 14.0 for September. Meanwhile, the Federal Housing Finance Agency House Price Index rose 0.3% in July.
0 komentar:
Post a Comment