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Gold steady as markets cautious ahead of U.S. Fed statement

Reuters  |  BENGALURU 

By Karen RodriguesBENGALURU (Reuters) - Gold prices held steady on Wednesday after falling to a one-week low in the previous session, as investors waited for clues on the pace of future interest rate hikes by the U.S. Federal Reserve when its policy meeting concludes later in the day.Spot gold was little changed at $1,295.02 per ounce at 0634 GMT after it touched a one-week low of $1,292.60 in the previous session.U.S. gold futures for August delivery were 0.1 percent lower at $1,298.50 per ounce."The rate hike is almost a done deal, it is quite clear that they will most likely increase rates ...

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First Published: Wed, June 13 2018. 12:51 IST