Gold closed up 0.5% more than two weeks hit the highest closing price

Tencent securities FRANCISCO, March 23 morning, according to the US financial website MarketWatch reported that gold futures prices rose on Thursday, its highest close since more than two weeks, because there are signs that the Fed will persist in implementing more this year conservative interest rate policy, causing the dollar to fall。 New York Mercantile Exchange, gold futures for April delivery rose $, to close at $ an ounce, or%; according to statistics financial information provider FactSet data show, this means that gold futures hit since March 7 the highest closing price。
Previously, the contract closed Wednesday's trading in US dollars per ounce, and further rise in electronic trading that followed, because the market for the Fed's rate decision responded。
In the related exchange-traded fund (ETF) trading, the world's largest gold exchange-traded fund SPDRGoldTrust fell in the gold futures market closed%, tracking gold exchange-traded fund company fell VanEckVectorsGoldMinersETF%, iShares Silver Trust ETF ( iSharesSilverTrustETF) fell%。 Federal Reserve monetary policy statement released on Wednesday, hiked interest rates by 25 basis points。
At the same time, Fed officials had expected to maintain the same in December last year, is still expected to raise interest rates three times this year, but at the same time raised interest rates expected in 2019 and 2020。
Fed rate hike could weaken gold's attractiveness to investors, this is because gold is a non-interest-bearing assets。 At the same time, the Fed raising interest rates also tend to push the dollar up, but under normal circumstances, the dollar will lead to rising prices of gold and other dollar-denominated commodities futures fell because investors holding other currencies to buy the cost of these goods will become high。
Kay cast macro (CarolineBain) commodity analyst Caroline Bain (CarolineBain) pointed out that the price of gold will not be able "to avoid any negative impact of the Fed's tightening monetary policy brought about"。
Thursday after trading in gold futures prices briefly briefly touched lows today, because of the signing of the trade tariffs against Chinese orders worth $ 50 billion in US President Donald Trump (Donald Trump), the dollar gained some support。
Used to track the dollar against six major currencies exchange rate changes Intercontinental Exchange (ICE) dollar index rose newest%, to, but had traded mixed。
In other metals trading at the New York Mercantile Exchange, the May delivery silver futures prices fell%, to close at $ an ounce。 May delivery of copper prices fell%, to close at $ per pound。
Platinum for April delivery fell%, to close at US dollars an ounce。
Palladium for June delivery fell%, to close at US dollars an ounce。 (nebula)。