Gold Steadies as Powell’s Interest-Rate Insight Awaited
Wednesday, 28 November 2018 20:52 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices were pinned near unchanged Wednesday, with metals traders and other financial market participants awaiting more insight on the Federal Reserve™s thinking about the outlook for interest rates. This time the update comes from Fed Chairman Jerome Powell.

Ahead of the speech, gold for December delivery fell 60 cents, or less than 0.1%, to $1,212.80 an ounce, but has spent time in positive and negative territory. Gold for February delivery which has higher open-interest volume, slipped 20 cents, or less than 0.1%, to $1,219.70 an ounce.

December silver rose 2 cents, or nearly 0.2%, at $14.11 an ounce. The March contract rose 2 cents, or almost 0.2%, to $14.25 an ounce.

Source : Marketwatch

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