Gold Silver Trading Tips – Yesterday Buy Call Rocking– Gold High 40628, Silver High 45975
Spot gold rose by 0.69 percent to close at $1576.7 per ounce after equities closed negative and the US FED decided to keep interest rates unchanged in their latest monetary policy meeting held yesterday. Yields on the 10-year Treasury note dipped to their lowest since October. 10 as the corona virus impact might hamper the global growth.
Read More : Gold Imports Slip 6.77% April-December 2019 Current Financial Year
The United States Federal Reserve held interest rates steady at 1.5- 1.75% at its first policy meeting of the year, with officials pointing to continued moderate US economic growth and a “strong” job market. However, addressing a press conference, Powell warned that not only would the coronavirus likely hit China’s economy, but that it could also spill over into the US.