Gold prices flat; set for small weekly gain on hopes of dovish Fed
Spot gold was little changed at $1,753.47 per ounce by 0016 GMT. US gold futures rose 0.5% to $1,753.30.
Source: businesstoday.in
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Spot gold was little changed at $1,753.47 per ounce by 0016 GMT. US gold futures rose 0.5% to $1,753.30.
Investors remain conservative on expectations of yet another Fed rate hike
Gold is considered as an inflation hedge, but rising interest rates reduce the appeal of bullion, which yields no interest.
Spot gold was up 0.2% at $1,764.75 per ounce, as of 0317 GMT, after falling to a two-week low of $1,753.97 in the previous session
Spot gold were flat at $1,786.86 per ounce, as of 0112 GMT, after rising 0.8% in the previous session.