Gold slips further post Fed rate cut
The fall is on the back of softening crude prices and Fed rate cut.
Sep 19, 2019 08:09 IST India Infoline News Service
Silver Dec futures also softened to trade below Rs 46,200/kg.
On Wednesday, gold ended about 0.5 per cent lower.
The fall is on the back of softening crude prices.
Globally, spot gold was 0.3% at $1,489/ounce slipping below the key $1,500 level after the US Fed cut rates by 25bps yesterday. Chairman Powell said he would be cautious regarding a further cut in borrowing costs.
The fall is on the back of softening crude prices.
Globally, spot gold was 0.3% at $1,489/ounce slipping below the key $1,500 level after the US Fed cut rates by 25bps yesterday. Chairman Powell said he would be cautious regarding a further cut in borrowing costs.
