Gold benefits from slipping dollar and expected Fed stance
US central bank might not change current narrative, but there is a belief that it would be able to trigger inflation, analyst says
14 September 2020 - 07:34
Bengaluru — Gold prices rose on Monday, supported by a weaker dollar and expectations that the US Federal Reserve will adopt a dovish stance at its two-day monetary policy meeting later this week.
Spot gold was up 0.4% at $1,949.92 per ounce by 5.09am, adding to the previous week’s 0.2% gain. US gold futures climbed 0.6% to $1,958.60...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.