Gold Slips As Fed Signals More Rate Hikes, But Trade Worries Limit Losses

Gold prices eased on Thursday as the U.S. Federal Reserve forecast a slightly faster pace of interest rate hikes this year, although lingering worries over trade tensions between Washington and Beijing prevented steeper losses.

Spot gold was down 0.1 percent at $1,298.51 per ounce at 0349 GMT. It touched an over one-week low at $1,292.15 an ounce in the previous session.

U.S. gold futures for August delivery rose 0.1 percent to $1,302.20 per ounce.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
SHARE

Suhani Verma

  • Image
  • Image
  • Image
    Blogger Comment
    Facebook Comment

0 comments: