Metal prices move lower as firm greenback overshadows safe-haven appeal
Senior refinery technician Vincente Sandoval puts a gold ‘button’ into a furnace to be further refined to form gold doré bars at Newmont Mining’s Carlin gold mine operation near Elko, Nevada, US. Picture: REUTERS/RICK WILKING
Spot gold fell 0.1% to $1,785.80 an ounce by 3.47am GMT, lingering below an over one-week peak of $1,788.97 touched on Monday. US gold futures eased 0.1% to $1,788.00.Stephen Innes, managing partner at SPI Asset Management, said that there seemed to be a little bit of demand for dollar but it was not really turning gold off completely because there was a possibility that the Federal Reserve would not push forward any taper agenda at the Jackson Hole symposium.
“The path of the virus remains central to Fed’s decision-making and the minutes of the July meeting will provide further insights into the debate at the Fed on tapering,” ANZ Research said in a note.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Norwegians just love the Teslas their black gold helps them buyScandinavia's richest country acknowledges the severity of climate change but says oil will still be needed
Read more »
Gold digs in near one-week peak as tapering fears subsideDisappointing consumer sentiment data suggests that the Fed may stay put about asset purchase
Read more »
Gold Reef City clanks back to life after the latest lockdownA springtime of new hope has arrived for the employees of this Joburg institution, writes Ufrieda Ho
Read more »
BHP in talks with Woodside Petroleum to exit oil and gasEnergy firm faces increasing pressure from activists, investors and governments
Read more »
Zambian president concedes defeat in landslide electionFormer accounting firm CEO Hakainde Hichilema defeats Edgar Lungu by almost a million votes
Read more »
Landslide win hands Hichilema the task of reviving ZambiaFormer accounting firm CEO Hakainde Hichilema defeats Edgar Lungu by almost a million votes
Read more »