Equityworld Futures Gold, Market Awaits FED Rate Hike Related Indications

Equityworld Futures - The price of gold in the Asian session Monday (09/01) this observed increase is thin, but tend to be flat after descending from the highest level of the month, in line with expectations of further interest rate hikes. When this news was revealed, the pair XAU/USD traded at price levels 1.176 u.s. dollars.

In addition, the price of gold bullion is certified in a precious metal belonging to PT Aneka Tambang Tbk (Antam) fall in the level of Rp 542.000 from previously Rp 586.000.


Gold Increases thin, the market Awaits FED Rate Hike Related Indication, meanwhile, on the New York Mercantile Comex Exchange, the price of gold futures for February delivery rose 0.32 percent to as low as the price of 1.176 U.s. dollars per troy ounce.

While the price of silver futures for March delivery was at price levels at 19 U.s. dollars per troy ounce, down 0.05 percent of thin; and the price of copper futures for delivery in March traded down to 2,543 u.s. dollars per pound.

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During Friday's trading session last week, gold prices SAG from high levels a month in line with the US dollar again strengthened against other major currencies. However, the price of the yellow metal has been a weekly increase of 1.97 percent, the best performance for two months because of weakening U.s. dollar fueled by some time ago.


The market is Awaiting a statement from some of the top brass of The Fed during the week yesterday, the price of gold was able to rise to the highest level of the month, in line with the decline in the US dollar, the strongest level of one decade.

The fall U.S. dollars is fueled by doubts most investors against u.s. economic growth under the leadership of Us President, Donald Trump. However, gold prices later retreated from the high level because it is influenced by the statements of Netanyahu's President the Fed Chicago, Charles Evans.

Evans claimed that the US central bank will likely decide to raise its interest rates three times in the year 2017, more quickly than ekspektasinya few months ago. As for this week, investors will be waiting for the speeches and statements of officials of the Fed to know indications and certain related signal of certainty as to when the Fed will again raise interest rates.

The Boston Fed President Eric Rosengren, President of the Atlanta Fed, Dennis Lockhart is scheduled to deliver his speech later tonight. In addition, investors will also be looking forward to a series of speeches from three members of the FOMC such as Charles Evans, Patrick Harker on Thursday and the Chairman of the Fed, Janet Yellen on Friday. Equityworld Futures