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Stock impact report

PRECIOUS-Gold steadies, Fed signals 'some' rate hikes for 2019 [Reuters]

LONMIN PLC AMERICAN DEPOSITARY RECEIPTS - SPONSORE (LNMIY) 
Company Research Source: Reuters
PRECIOUS-Gold steadies, Fed signals 'some' rate hikes for 2019 | Reuters 3 Min Read Dec 20 (Reuters) - Gold steadied on Thursday, after declining about half a percent in the previous session as the U.S. Federal Reserve did not deliver as dovish a statement as some investors had expected. * Spot gold was up 0.1 percent at $1,244.41 per ounce, as of 0141 GMT. Prices slipped about 0.5 percent on Wednesday, in their sharpest decline since Nov. 27. * U.S. gold futures declined 0.7 percent to $1,247.4 per ounce. * Spot palladium climbed 0.7 percent to $1,268.50 per ounce after hitting a record high of $1,283.49 in the previous session. * The dollar index, which measures the greenback against a basket of six major currencies, was slightly weaker. * Asian shares retreated after the Fed raised rates, as expected, and kept most of its guidance for additional hikes next year, dashing investor hopes for a more dovish policy outlook. * The Fed raised interest rates on Wednesday and noted that “som Show less Read more
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