Gold prices push down as Investors watch out for FOMC meeting

Discussion in 'Metals' started by Profiforex_Victory, Dec 13, 2016.

  1. Profiforex_Victory

    Profiforex_Victory Новичок

    Gold could not pull back from its negative territory today as many investors preferred to wait watching out critically for what would e the result of the US Federal Open Market Committee’s (FOMC) two-day meeting beginning on Tuesday.

    The spot gold price was of late quoted at $1,158.65/1,159.05 per oz, this is a drop of $4.20 from where it closed yesterday. Trade has been in a range of $1,165 to $1,158.25.05 so far.

    In the other precious metals, the spot silver price was unchanged at $16.990/17.010 per oz. Platinum at $924/929 per oz had dropped by a margin of $5 and palladium at $723/729 per oz edged $3 higher.

    Most recently, the U.S. dollar index was last down 0.06 percent at 100.970.


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