Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes.
After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from saying how many more easing steps they might be willing to support this year.
In electronic trading, gold for December delivery was at $1,514.30 an ounce shortly after the meeting minutes. The...
Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole, Wyoming.
U.S. Treasury bonds weakened Thursday, sending the benchmark 10-year Treasury note yield up 2.4 basis points to 1.6046%. Rising bond yields can dull the luster of gold, which offers no yield.
December gold fell $7.20, or 0.5%, to settle at $1,508.50 an ounce after trading as low as $1,502.10. Prices finished at the lowest for a most-active...
Gold prices traded lower on Wednesday as safe-haven demand faltered and investors proved cautious ahead of input from the minutes of the last Federal Reserve meeting to be followed by an appearance from the head of the U.S. central bank chief Jerome Powell on Friday.
Spot gold fell $7.21, or 0.5%, to $1,500.20 a troy ounce by 7:41 AM ET (11:41 GMT), while Gold futures for December delivery on the Comex division of the New York Mercantile Exchange, lost $5.55, or 0.4%, to $1,510.15.
Gold prices fell marginally on Thursday, lingering around the key $1,500 level, as investors awaited the Federal Reserve chair's speech at a global central bankers' conclave for clues on future U.S. interest rate cuts.
Spot gold inched down 0.2% at $1,499.60 per ounce as of 07:47 GMT.
U.S. gold futures were down 0.5% at $1,507.60 an ounce.
If Powell says they are going to cut rates aggressively, that may not be great for gold in the short-term since equities will gain, Halley...
Gold prices slipped on Wednesday in Asia ahead of the highly anticipated Jackson Hole symposium.
Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2% at $1,512.25.
Both the U.S. Federal Reserve and the European Central Bank will release minutes from their latest policy meetings this week, while Fed Chair Jerome Powell will give a speech on Friday at Jackson Hole.
Analysts believe Powell™s speech will provide an unknown risk...