Gold stays firm, Fed policy minutes in focus

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Published : May 24th, 2017
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Reuters/Vijaykumar Vedala/05-24-17

Gold held steady on Wednesday, after slipping in the previous session, as investors awaited cues on the U.S. Federal Reserve’s rate hike stance from the minutes of its last meeting due later in the day.

…”My expectations are that the pace of interest rate hikes will be kept steady and stable regardless of the short-term fluctuations in the U.S. economic data,” said Mark To, head of research at Hong Kong’s Wing Fung Financial Group.

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