30.07.2014 - Gold price holds above $1,300, focus on Fed policy meeting
Gold was little changed just above USD 1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors also focusing on U.S. jobs data and a Federal Reserve policy meeting this week. The Fed kicks off its two-day meeting later on Tuesday, with markets watching for clues as to when the U.S. central bank will begin increasing interest rates. The Fed will make a statement on Wednesday at the end of the meeting. "Gold is going to be range-bound until the Fed meeting and economic data later this week," said Mark To, head of research at Hong Kong`s Wing Fung Financial Group...............................................Full Article: Source
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