Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: Ascent Resources ask shareholders for ability to raise funds


Alliance News


Gold Drifts Lower Ahead Of Fed Decision

Thu, 8th Nov 2018 11:27


WASHINGTON (Alliance News) - Gold prices drifted lower on Thursday and the dollar traded in a tight range as the US election uncertainty faded and investors turned their attention to a monetary policy announcement from the Federal Reserve, due later in the day.

No change in the Fed rate is expected, but traders will be looking for new clues as to whether there will be a December rate hike.

Spot gold fell 0.28% to USD1,222.78 per ounce, while US gold futures were down 0.20% at USD1,223.70 per ounce.

Positive trade data from China is also pushing gold prices lower. A government report showed that China's exports and imports both increased more than expected in October.

Exports grew 15.6% annually, while economists had forecast an increase of 11.7%. Imports surged 21.4% compared to the forecast of 14.7%.

As a result, the trade surplus came in at USD34 billion in the month versus the expected level of USD35.1 billion.

Copyright RTT News/dpa-AFX

Alliance News



Back to Alliance News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.