Federal Reserve Archives - The Industry Spread

Gold Trades at 1270 after Dovish Fed

May 2, 2019

Asian markets closed higher after Federal Reserve struck a hawkish tone at its latest meeting. The Hang Seng benchmark in Hong Kong finished 0.60 percent higher at 29,879. The Shanghai Composite added 0.32 percent higher at 3,078, while in Singapore, the FTSE Straits Times index finished 0.61 percent lower at 3,380.