Gold prices ease on Fed rate hike prospects

Gold prices edged down on Thursday as the dollar rose on expectations that the US Federal Reserve might raise interest rates in December. 

Read more Live Equity market tips,free day trails,stock Market News at: http://ripplesadvisory.com/free-trial.php or Get Free Trials Just Give One Missed Call .@98-27-80-80-90.

 

                           FUNDAMENTALS

 * Spot gold had fallen 0.1 % to USD 1,253.20 an ounce by 0052 GMT.

 

 * US gold futures were up 0.1 percent at USD 1,255 an ounce. 

* The dollar index , which measures the greenback against a basket of six major currencies, gained 0.1 percent to 98.096. The dollar hovered near a seven-month high early Thursday. 

 

* Several voting Federal Reserve policymakers judged a rate hike would be warranted "relatively soon" if the US economy continued to strengthen but doubts on inflation remained, according to the minutes of the Fed's September policy meeting released on Wednesday.

You May Also Like

0 comments

Note: only a member of this blog may post a comment.