Gold eases as investors book profits; Fed minutes in focus
Wednesday, 21 August 2019 15:55 WIB |
PRECIOUS METALS |GOLDEMAS Spot Emas
Gold prices retreated below the key $1,500 level on Wednesday as traders booked profits and focus turned to the minutes of the U.S. Federal Reserve's July meeting for clues on future interest rate cuts.
Spot gold was down 0.5% at $1,498.84 per ounce by 08:18 GMT.
U.S. gold futures were also 0.5% lower, at $1,508.30.
With gold failing to break higher and trailing below $1,500 again, investors are taking profits, said Nicholas Frappell, global general manager at ABC Bullion.
Source : Reuters
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