Gold futures settled lower on Thursday, then climbed above $1,150 an ounce in electronic trading after minutes from the Federal Reserve’s September policy-setting meeting showed that central-bank officials held off on an interest-rate hike because downside risks had climbed.Ahead of the Fed minutes, December gold GCZ5, -0.18% fell $4.40, or 0.4%, to settle at $1,144.30 an ounce on Comex, after ending Wednesday at its highest level since Sept. 24.
Gold had already scored gains over the previous four trading sessions as some investors bet on a further rate-hike delay in the wake of a disappointing U.S. monthly jobs report. The pace and timing of the U.S. central bank’s expected rate increase can influence the value and appeal of gold.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment