Gold prices up amid Fed policy uncertainty

Gold prices rose on Tuesday due to uncertainty about US President-elect Donald Trump’s plans and investor positioning ahead of important US inflation data that will provide more information on the Federal Reserve’s policy direction.

Spot gold prices increased at 7:00 AM GMT by 0.23 per cent to $2,669.35 per ounce, compared to the previous closing price of $2,663.18.

Meanwhile, US gold futures rose 0.20 per cent to $2,683.85, compared to Monday’s closing of $2,678.6.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama

Leave a comment