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Gold steady with US-Iran talks, Fed outlook in focus

From msn.com

Gold held steady on Wednesday as investors looked for signs of progress in peace negotiations between the U.S. and Iran, and awaited comments from Federal Reserve officials for monetary policy clues. Spot gold was little changed at $4,504.95 per ounce, as of 0215 GMT. U.S. gold futures for June delivery were steady at $4,503.90. "It looks like the overall trend is down, but we're getting these long periods of consolidation, and I think that's sort of what we're looking at here today," said Ilya Spivak, head of global macro at Tastylive. "The market is increasingly focused on whether we are in fact going to get ... (full story)

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  • Category: Fundamental Analysis