KONTAN.CO.ID - BENGALURU. Gold was little changed on Monday, after a near 1% jump in the previous session, as investors awaited a U.S. Federal Reserve rate decision later in the week, while progress in U.S.-China trade talks curbed appetite for safe haven assets. Spot gold was steady at $1,504.42 per ounce as of 0537 GMT. U.S. gold futures were up 0.1% to $1,506.70 per ounce. "All eyes are on the Fed meeting now, but what investors are really looking forward to is some clarity on whether the central bank will continue to remain dovish for the rest of this year," said John Sharma, an economist with National Australia Bank, adding that the current take on gold is "wait and see".
Gold flat as markets eye Fed's decision on rates
KONTAN.CO.ID - BENGALURU. Gold was little changed on Monday, after a near 1% jump in the previous session, as investors awaited a U.S. Federal Reserve rate decision later in the week, while progress in U.S.-China trade talks curbed appetite for safe haven assets. Spot gold was steady at $1,504.42 per ounce as of 0537 GMT. U.S. gold futures were up 0.1% to $1,506.70 per ounce. "All eyes are on the Fed meeting now, but what investors are really looking forward to is some clarity on whether the central bank will continue to remain dovish for the rest of this year," said John Sharma, an economist with National Australia Bank, adding that the current take on gold is "wait and see".