KONTAN.CO.ID - JAKARTA. Gold steadied in a narrow range on Monday as the market focus pivoted to this week's Federal Reserve meeting to learn how quickly it plans to unwind economic support measures introduced in response to the coronavirus pandemic. Spot gold was last up 0.1% at $1,783.91 per ounce as of 0947 GMT. U.S. gold futures were flat at $1,784.70. Prices rose as much as 0.8% on Friday following data showing U.S. consumer prices rose further in November, leading to the largest annual gain since 1982.
Gold steadies as investors prepare for Fed taper timeline
KONTAN.CO.ID - JAKARTA. Gold steadied in a narrow range on Monday as the market focus pivoted to this week's Federal Reserve meeting to learn how quickly it plans to unwind economic support measures introduced in response to the coronavirus pandemic. Spot gold was last up 0.1% at $1,783.91 per ounce as of 0947 GMT. U.S. gold futures were flat at $1,784.70. Prices rose as much as 0.8% on Friday following data showing U.S. consumer prices rose further in November, leading to the largest annual gain since 1982.