Gold prices edge up ahead of likely Fed rate pause

Gold prices edge up ahead of likely Fed rate pause

From cnbc.com

Gold prices edged higher on Monday as investors priced in a pause in interest rate hikes by the Federal Reserve at its policy meeting this week, with a focus on the U.S. central bank’s rate outlook. Spot gold rose 0.2% to $1,928.19 per ounce by 0256 GMT. U.S. gold futures were up 0.2% to $1,949.30. Asian shares fell, making gold more attractive for investors ahead of policy decisions by the Fed on Wednesday, Bank of England on Thursday and the Bank of Japan on Friday. “Gold was making some moves to the upside to start the week on some safe-haven buying, with the upcoming economic calendar containing plenty of ... (full story)

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