Epic Research

Thursday, May 21, 2015

Gold extends gains after Fed minutes caution on rate hike

Gold rose on Wednesday, briefly climbing to a new session high as the dollar pared its gains after US Federal Reserve minutes showed policy makers believed it would be premature to raise interest rates in June.
Spot gold was up 0.3 per cent at $1,211.06 an ounce at 2:48 p.m. EDT (1848 GMT), after climbing 0.5 per cent to a session high at $1,213.36 after the Fed minutes were released.
US gold futures for June delivery settled up $2 at $1,208.70 an ounce.
Gold prices have struggled to break out of a $1,170-$1,230 an ounce range since mid-March, hamstrung by uncertainty over the timing of an expected rise in US interest rates.
Among other metals, silver gained 0.7 per cent to $17.16 an ounce after falling 3.6 per cent on Tuesday, its biggest one-day slide in three months. Platinum was up 0.5 per cent at $1,158.70 an ounce and palladium down 0.1 per cent at $774 an ounce.

Real Time News & Trading Trends Keep Liking Epic Research Private Limited

FacebookTwitterYouTubePinterestLinkedin - Google+

For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co

No comments:

Post a Comment