Gold price stable as market waits for Fed’s rate-cut strategy
Investors are cautious as they look for signals of additional interest-rate cuts in the pipeline, having already priced in a 25 basis points cut
29 July 2019 - 14:43
Bengaluru — Gold was little changed on Monday as caution set in ahead of this week’s US Federal Reserve meeting, with investors likely to look beyond an expected rate cut to the central bank’s guidance on monetary policy for the rest of the year.
Spot gold edged 0.1% higher to $1,419.45/oz at 10.18am GMT...
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