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Gold ends flat, then moves lower in electronic trade after Fed minutes


Thursday, 22 August 2019 01:24 WIB

GOLDEMAS


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Gold prices finished unchanged on Wednesday, after spending much of the session losing ground on the back of strength in benchmark U.S. stock indexes.

After future prices settled, minutes from the Federal Open Market Committee's July meeting showed that Federal Reserve officials shied away from saying how many more easing steps they might be willing to support this year.

In electronic trading, gold for December delivery was at $1,514.30 an ounce shortly after the meeting minutes. The contract had settled flat at $1,515.70 an ounce on Comex, ahead of the news.

Source: marketwatch


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