Gold edged lower on Monday as investors nervously eyed the Federal Reserve’s last policy meeting of the year to gauge whether the U.S. central bank would stick to its monetary stimulus.
Spot gold eased 0.1 percent to $1,236 an ounce by 0020 GMT, after gaining 1.2 percent on Friday.
Fed policymakers gather for the last time in 2013 for a two-day policy meeting that concludes on Wednesday. Markets are on the watch for the outlook of the $85 billion monthly bond purchases that have supported bullion prices.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015