You are here: Home » Reuters » News
Business Standard

Gold steady as market awaits cues from Fed meeting

Reuters  |  LONDON 

By Maytaal AngelLONDON (Reuters) - Gold was little changed on Tuesday as most investors stayed on the sidelines ahead of a U.S. Federal Reserve meeting that should provide signals on the pace of monetary tightening.The Fed is widely expected to raise interest rates when it concludes its meeting on Wednesday, although investors will focus on any new hints on the pace of hikes this year and its assessment of the economy and inflation. [FRX/]"Obviously ahead of the meeting people aren't building significant positions ... If anything, they're expecting a dovish Fed because recent (U.S.) economic ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, June 13 2017. 18:41 IST
RECOMMENDED FOR YOU