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Gold prices tread water ahead of G7, U.S. Fed meetings

Reuters  |  BENGALURU 

By Karen RodriguesBENGALURU (Reuters) - Gold prices held steady on Friday as investors remained cautious ahead of a G7 meeting starting later in the day and other key events next week such as a United States Federal Reserve policy meeting and a U.S.-North Korea summit.Spot gold was steady at $1,296.36 per ounce by 0415 GMT. It hit a one-week high of $1,303.08 an ounce in the previous session and has risen about 0.3 percent for the week so far.U.S. gold futures for August delivery fell 0.2 percent to $1,300.40 per ounce."Gold is most likely going to be range bound. The markets are looking very ...

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First Published: Fri, June 08 2018. 12:14 IST