{"id":32965,"date":"2017-12-12T03:03:53","date_gmt":"2017-12-12T03:03:53","guid":{"rendered":"http:\/\/www.bnreport.com\/gold-slightly-higher-ahead-of-fed-meeting\/"},"modified":"2017-12-12T03:03:57","modified_gmt":"2017-12-12T03:03:57","slug":"gold-slightly-higher-ahead-of-fed-meeting","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/gold-slightly-higher-ahead-of-fed-meeting\/","title":{"rendered":"Gold slightly higher ahead of Fed meeting"},"content":{"rendered":"

Gold<\/a> was slightly higher in early trade on Tuesday, having shed half a per cent in the previous session, ahead of the start of a two-day Federal Reserve meeting in the United States. <\/p>\n

Fundamentals<\/strong><\/p>\n

Spot gold was up about 0.1 per cent at $1,242.72 an ounce by 0049 GMT, after losing 0.5 per cent on Monday. <\/p>\n

US gold futures were 0.2 per cent lower at $1,244.40. <\/p>\n

The dollar index , which measures the greenback against a basket of six major currencies, was little changed at 93.925. The dollar was unchanged at 113.56 yen <\/p>\n

Asian shares<\/a> were trying to string together a fourth session of gains on Tuesday as optimism about global growth looked set to outlast an almost certain hike in US borrowing costs this week. <\/p>\n

US President Donald Trump<\/a> will deliver a speech on the plan to overhaul the nation's tax code on Wednesday, the White House said on Monday. <\/p>\n

Incoming Federal Reserve chair Jerome Powell appears set to let an expected trillion-dollar tax cut run its course through the economy<\/a> as weak wage growth and inflation<\/a> buttress his view that the economy remains underpowered. <\/p>\n

The European Union<\/a> needs to consider regulating bitcoin<\/a>, European Central Bank ratesetter Ewald Nowotny said on Monday, citing the risk<\/a> of money laundering. <\/p>\n

Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency's blistering price gains to slow in the coming months, even as it blasted above $17,000 to a fresh record high in the spot market<\/a>. <\/p>\n

Prime Minister Theresa May hailed "a new sense of optimism" in Brexit<\/a> talks, telling parliament on Monday an agreement to move negotiations on to future trade ties would reassure those concerned Britain may leave with no deal. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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The post Gold slightly higher ahead of Fed meeting<\/a> appeared first on News Wire Now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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