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Gold drops from two-week highs as markets look to Fed minutes
Gold prices on Monday slipped from their two-week highs hit in the last session, as U.S. Treasury yields bounced back, with investors looking forward to the minutes of Federal Reserve’s last meeting to gauge the U.S. central bank’s policy stance. Spot gold was down 0.4% at $1,971.40 per ounce, after rising as high as $1,993.29 on Friday. U.S. gold futures fell 0.6% to $1,973.70. “Gold bulls are taking a breather after climbing by over 2% last week... There could also be more geopolitical risk premiums that have yet to be unwound from spot gold prices,” said Exinity Chief Market Analyst Han Tan. “Traders ... (full story)
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- Posted: Nov 20, 2023 9:11am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 379
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