On Thursday Gold was improved following a drop of about 1% in the previous trading session. That was because of the absence of transparency covering the U.S. Federal Reserve’s plan over the monetary policy easing. That confusion held markets wary.
The Fed reduced interest rates for a second time during this year yesterday but indicated that additional cuts are uncertain while the labor market continues to be strong.
Spot gold was just traded at $1,494.04 per ounce following a 0.6% decline yesterday. But, U.S. gold futures were down 1% at $1,501.39
More uncertainty coming up
Daily Analysis - 19/09/2019