Gold slips as investors weigh Fed rate outlook
6 Articles
6 Articles
Gold slips as investors weigh Fed rate outlook
Oct 20 (Reuters) - Gold slipped in early Asian trade on Tuesday as investors awaited the US Federal Reserve policy decision next week for signals on interest rates and the broader outlook for monetary policy. FUNDAMENTALS * Spot gold fell 0.3% to $4,...
Gold prices fell in Asian markets on Tuesday as investors focused on next week's Federal Reserve interest rate decision and signals regarding the future of monetary policy. Other precious metals also saw declines. Spot silver fell 0.7 percent to $56.69 per ounce.
Investors are awaiting the US Federal Reserve's policy decision to be announced next week. The Federal Reserve's monetary policy meeting is scheduled to be held on October 27 and 28. In September, the US central bank raised its benchmark overnight interest rate by 25 basis points.
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