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 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.
Oil was steady in Asian trading after a private-sector report indicated that U.S. crude supplies had tightened in the past week.
Futures in New York rose 3 cents, after clawing back losses in a volatile session on Tuesday. The market had stumbled after U.S. Secretary of State Mike Pompeo told CNBC that Huawei Technologies Co. and other Chinese companies pose national security threats to the U.S. A recovery came as focus switched to analyst forecasts that...
Hong Kong shares ended slightly lower on Tuesday after a four-day rally, with profit-taking offsetting fresh hopes for China-US trade talks.
The Hang Seng Index slipped 0.23 per cent, or 60.30 points, to 26,231.54.
The benchmark Shanghai Composite Index fell 0.11 per cent, or 3.09 points, to 2,880.00 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged up 0.14 per cent, or 2.15 points, to 1,574.12.
Source : AFP
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...