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Gold steady ahead of Fed meeting and U.S.-N.Korea summit

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold was barely changed on Monday, as investors were uncertain whether the U.S. central bank would signal a tighter future monetary policy at a meeting this week that is expected to boost interest rates.Spot gold was up 0.2 percent at $1,300.16 per ounce at 1345 GMT, drifting between positive and negative territory during the session. U.S. gold futures for August delivery added 0.1 percent to $1,304.50 per ounce. The U.S. Federal Reserve will likely raise its target interest rate to above the rate of inflation for the first time in a decade this week, ...

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First Published: Mon, June 11 2018. 21:07 IST
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