KONTAN.CO.ID - NEW YORK. Gold extended gains on Wednesday, as subdued Treasury yields boosted the bullion's appeal, while investors awaited the outcome of the U.S. Federal Reserve's meeting for cues to its monetary policy outlook. Spot gold gained 0.1% at $1,982.29 per ounce as of 12:19 p.m. ET (1719 GMT). U.S. gold futures rose 0.2% to $1,997.40. U.S. 10-year Treasury yields retreated further after inflation data. In the 12 months through November, the U.S. producer prices rose 0.9% after advancing 1.2% in October.
Gold Advances as Yields Weaken Ahead of Fed Verdict
KONTAN.CO.ID - NEW YORK. Gold extended gains on Wednesday, as subdued Treasury yields boosted the bullion's appeal, while investors awaited the outcome of the U.S. Federal Reserve's meeting for cues to its monetary policy outlook. Spot gold gained 0.1% at $1,982.29 per ounce as of 12:19 p.m. ET (1719 GMT). U.S. gold futures rose 0.2% to $1,997.40. U.S. 10-year Treasury yields retreated further after inflation data. In the 12 months through November, the U.S. producer prices rose 0.9% after advancing 1.2% in October.