Market Awaits US Federal Reserve Meeting Outcome
DSIJ Intelligence / 14 Jun 2017
As the market awaits for directions from the outcome of a two-day US Federal Reserve meeting, gold inched up. The central bank is expected to hike interest rates and give indications on its monetary policy for the rest of the year.
As the market awaits for directions from the outcome of a two-day US Federal Reserve meeting, gold inched up. The central bank is expected to hike interest rates and give indications on its monetary policy for the rest of the year.
The Federal Reserve is scheduled to release its interest rate decision on Wednesday, with Chair Janet Yellen due to hold a press conference later.
US gold futures for August delivery were nearly flat at USD 1,268.90 an ounce while spot gold was up 0.1% at USD 1,267.05 per ounce.
Among other precious metals, platinum rose 0.2% to USD 925.25 per ounce but closed to a near one-month low of USD 918.50 hit on Tuesday, whilesilver was flat at USD 16.86 per ounce.
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