Wednesday, 21 February 2018 21:04 WIB |
PRECIOUS METALS |GOLDEMAS
Gold prices drifted near their lowest levels in a week Wednesday after being hit with their steepest retreat in more than a year a day earlier when the dollar strengthened.
Financial markets are looking ahead to the afternoon release of Federal Reserve meeting minutes and another reading on the tone at the central bank as it looks to continue to tighten the interest-rate crank this year.
Early Wednesday, April gold slipped $1.10, or 0.1%, to $1,330.20 an ounce. The contract gave up 1.9% Tuesday, marking the sharpest drop for actively traded futures since Dec. 14, 2016, when gold sank by $33.90, or 2.9% according to FactSet data. But the metal remains relatively volatile. Last week saw gold register its sharpest weekly gain in more than a year, as it fed off the dollar™s slump.
Meanwhile, March silver dropped 6 cents, or 0.4%, to $16.380 an ounce.
Source : Marketwatch