Gold Decreases to $1,223.95 an Ounce Awaiting Fed News
Gold was down on Wednesday as investors awaited more information from the U.S. Federal Reserve regarding interest rate hikes, according to Reuters.
Spot gold declined 0.3 percent to trade at $1,223.95 an ounce. This comes after gold reached a six-week high during the previous week.
Meanwhile, gold futures also fell, decreasing by $5.80 an ounce to $1,223.20.
“This should be the end of [quantitative easing], but if some wording is used by the Fed that the economic recovery doesn’t justify removal of its monetary stimulus and they have … to leave the door open to reinstating some measures in the future, then that could be interpreted as fairly positive for gold,” Mitsubishi Corp Strategist Jonathan Butler was quoted as saying by Reuters.
Ext : http://goldinvestingnews.com/46818/gold-price-us-china-decreases-to-1223-95-an-ounce-awaiting-fed-news.html
Source: https://goldcoin.org/gold/gold-decreases-to-1223-95-an-ounce-awaiting-fed-news/4766/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).