You are here: Home » Markets » News
Business Standard

Gold edges up to 5-month peak on softer dollar, investors await Fed outlook

The Federal Reserve is widely expected to raise interest rates for the fourth time this year

Topics
Singapore  |  Crude Oil Prices  |  United States

Reuters  |  Bengaluru 

Gold prices edged higher to a more than five-month peak on Wednesday as a softer dollar supported the bullion while investors awaited cues on the rate hike trajectory of the US central bank from its two-day policy meeting. Spot gold was up 0.1 per cent at $1,250.20 per ounce, as of 0405 GMT, after hitting its highest since July 11 at $1,251.06 earlier in the session. US gold futures were up 0.1 per cent at $1,254.60 per ounce. "The market is largely in a holding pattern as everyone is focusing on the FOMC (Federal Open Market Committee) meeting... We see prices largely ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 19 2018. 09:56 IST
RECOMMENDED FOR YOU
.