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Gold edges up as rate-hike fears ease; Fed rate decision in focus
Gold edged higher on Wednesday, extending gains for a fifth straight session, as optimism around the US-Iran peace deal eased concerns over interest rate hikes, while investors awaited further details on the deal and the Federal Reserve’s policy meeting. Spot gold was up 0.4% at $4,348.93 per ounce, as of 0107 GMT. US gold futures for August delivery rose 0.3% to $4,368.40. Details began to emerge of the US and Iran’s interim agreement to end the war in the Middle East, with US President Donald Trump saying it will rule out a nuclear weapon for Tehran and a US official saying it allows Iran to sell oil upon ... (full story)
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- Jun 16, 9:42pm | 3 hr ago Posted byFundamental Analysis90
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