提示：點擊上方"關注我"↑免費訂閱微信平臺
As the market geared up for a monetary policy meeting of the US Federal Reserve, the dollar declined and US government bond yields rose. Precious metals, particularly gold and silver, rose slightly in response.
Gold remains an attractive asset as markets predict the central bank will delay a long-rumoured rate increase.
After closing Friday at US$1,310.35/oz., its lowest price since Aug 31, gold for immediate delivery recovered 0.4% to US$1,315.05/oz. in early afternoon trading in London. Silver rose 1.6% to US$19.091/oz., while platinum was up 1.1% and palladium increased by 0.3%.
If and when the Fed does raise rates, the opportunity cost of holding gold would also rise. The precious metal has more trouble competing with yield-bearing assets when borrowing costs increase.
Investors are also awaiting the results of this week’s meeting of the Bank of Japan.
Gold reached a two-year high in July around US$1,380/oz. So far in 2016, the metal is up 25% or nearly US$300/oz., one of its best annual performances since 1980.
Kindly invite you to join:
（Please scan to follow us）
Click "Read More" for free registration