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Stock advisory Company, Gold Gains In Asia As Fed Speakers, Treasury Secretary Remarks Awaited
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Gold gained in Asia on Tuesday with the sentiment on the rate outlook awaiting further insights from a slew of Fed speakers as well as the US treasury secretary.
Gold futures for December delivery on the Comex division of the New York Mercantile Exchange edged up 0.09% to $1, 295.67 a troy ounce.
Later on, Tuesday is the Jerome Powell Fed Chair confirmation hearing starting at 10am ET before the Senate Banking Committee.
As well, New York Fed President William Dudley will speak at 9:15am ET at the New York Fed. Philadelphia Fed President Patrick Harker will speak at 10:15am ET at the Philadelphia Fed. Treasury Secretary Steven Mnuchin is slated to make remarks at 3:45pm at the New York Fed.
Overnight, gold prices rose to a more-than-one month high on Monday buoyed by an uptick in safe-haven demand amid reports suggesting North Korea was preparing to launch a missile as part of its army’s winter training regime.
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