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GOLD MARKET NEWS
Gold inched lower on Tuesday, as investors turned cautious after the metal failed to sustain a recent rally, though it held near the previous day's two-week high after the Federal Reserve further dampened speculation about an imminent U.S. rate rise.
The consolidative session came after Fed Chair Janet Yellen gave a largely upbeat outlook for the U.S. economy on Monday and said interest rate increases were coming. Investors, however, focussed on her lack of guidance about when they would materialise.
Spot gold was down 0.1 % at $1,243.43 an ounce at 2:58 p.m. EDT , while U.S. gold futures for August delivery settled down 40 cents at $1,247 an ounce. Spot gold hit its highest since May 24 on Monday at $1,248.40.
SPDR Gold Shares , fell slightly on Monday.
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Gold inched lower on Tuesday, as investors turned cautious after the
metal failed to sustain a recent rally, though it held near the previous
day's two-week high after the Federal Reserve further dampened
speculation about an imminent U.S. rate rise.
The consolidative session came after Fed Chair Janet Yellen gave a largely upbeat outlook for the U.S. economy on Monday and said interest rate increases were coming. Investors, however, focussed on her lack of guidance about when they would materialise.
Spot gold was down 0.1 percent at $1,243.43 an ounce at 2:58 p.m. EDT , while U.S. gold futures for August delivery settled down 40 cents at $1,247 an ounce. Spot gold hit its highest since May 24 on Monday at $1,248.40.
- See more at: http://investmentguruindia.com/Commodities/Gold-eases-but-holds-near-two-week-high-on-Fed-rate-caution#sthash.an6Ad5ez.dpuf
The consolidative session came after Fed Chair Janet Yellen gave a largely upbeat outlook for the U.S. economy on Monday and said interest rate increases were coming. Investors, however, focussed on her lack of guidance about when they would materialise.
Spot gold was down 0.1 percent at $1,243.43 an ounce at 2:58 p.m. EDT , while U.S. gold futures for August delivery settled down 40 cents at $1,247 an ounce. Spot gold hit its highest since May 24 on Monday at $1,248.40.
- See more at: http://investmentguruindia.com/Commodities/Gold-eases-but-holds-near-two-week-high-on-Fed-rate-caution#sthash.an6Ad5ez.dpuf
Gold inched lower on Tuesday, as investors turned cautious after the
metal failed to sustain a recent rally, though it held near the previous
day's two-week high after the Federal Reserve further dampened
speculation about an imminent U.S. rate rise.
The consolidative session came after Fed Chair Janet Yellen gave a largely upbeat outlook for the U.S. economy on Monday and said interest rate increases were coming. Investors, however, focussed on her lack of guidance about when they would materialise.
Spot gold was down 0.1 percent at $1,243.43 an ounce at 2:58 p.m. EDT , while U.S. gold futures for August delivery settled down 40 cents at $1,247 an ounce. Spot gold hit its highest since May 24 on Monday at $1,248.40.
- See more at: http://investmentguruindia.com/Commodities/Gold-eases-but-holds-near-two-week-high-on-Fed-rate-caution#sthash.an6Ad5ez.dpuf
The consolidative session came after Fed Chair Janet Yellen gave a largely upbeat outlook for the U.S. economy on Monday and said interest rate increases were coming. Investors, however, focussed on her lack of guidance about when they would materialise.
Spot gold was down 0.1 percent at $1,243.43 an ounce at 2:58 p.m. EDT , while U.S. gold futures for August delivery settled down 40 cents at $1,247 an ounce. Spot gold hit its highest since May 24 on Monday at $1,248.40.
- See more at: http://investmentguruindia.com/Commodities/Gold-eases-but-holds-near-two-week-high-on-Fed-rate-caution#sthash.an6Ad5ez.dpuf
Gold inched lower on Tuesday, as investors turned cautious after the
metal failed to sustain a recent rally, though it held near the previous
day's two-week high after the Federal Reserve further dampened
speculation about an imminent U.S. rate rise.
The consolidative session came after Fed Chair Janet Yellen gave a largely upbeat outlook for the U.S. economy on Monday and said interest rate increases were coming. Investors, however, focussed on her lack of guidance about when they would materialise.
Spot gold was down 0.1 percent at $1,243.43 an ounce at 2:58 p.m. EDT , while U.S. gold futures for August delivery settled down 40 cents at $1,247 an ounce. Spot gold hit its highest since May 24 on Monday at $1,248.40.
- See more at: http://investmentguruindia.com/Commodities/Gold-eases-but-holds-near-two-week-high-on-Fed-rate-caution#sthash.an6Ad5ez.dpuf
The consolidative session came after Fed Chair Janet Yellen gave a largely upbeat outlook for the U.S. economy on Monday and said interest rate increases were coming. Investors, however, focussed on her lack of guidance about when they would materialise.
Spot gold was down 0.1 percent at $1,243.43 an ounce at 2:58 p.m. EDT , while U.S. gold futures for August delivery settled down 40 cents at $1,247 an ounce. Spot gold hit its highest since May 24 on Monday at $1,248.40.
- See more at: http://investmentguruindia.com/Commodities/Gold-eases-but-holds-near-two-week-high-on-Fed-rate-caution#sthash.an6Ad5ez.dpuf


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