Gold prices supported as US Fed policy takes dovish shift
Add BT as a preferred sourceTHE precious metal continues to receive strong support from US dollar weakness and global growth worries in the current term. US Federal Open Market Committee officials have declared zero interest rate hikes this year while announcing for a cessation in its "balance sheet normalisation" programme from Oct 19. The US central bank has shifted its monetary policy direction over slower economic growth and broad-based market uncertainties in 2019.
Dovish signals from the US Federal Reserve have imposed downward pressures on the greenback while raising the outlook for US equities in the coming term. Bullion appeal remains positive in lieu of its status as a safe haven asset, as investors deliberate growing market risks and increasing headwinds for global economic conditions in 2019.
What should investors look out for in the coming term?
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