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[size=36]Gold Stable Ahead of US Central Bank Meeting[/size]
Economy | 09:38 - 18/09/2019
Follow - up to the balance of News
settled gold little changed on Wednesday as investors waited for signs on the US central bank 's stance on monetary easing has changed, while the resulting decline in crude oil prices to reduce the demand for the yellow metal , which is considered a safe haven.
Saudi Arabia has sought to reassure markets after Saturday's attack slashed its oil production in half and said full production would resume by the end of the month.
Risk appetite affects gold, which is often seen as an alternative investment in times of political and financial uncertainty.
Gold was almost flat at $ 1502.62 an ounce by 0529 GMT. US gold futures fell 0.2 percent to $ 1,510.40 an ounce.
The focus is also on the Bank of Japan's monetary policy meeting, which is expected to ease its policy this year.
For other precious metals, platinum fell 0.2 percent to $ 941.08 an ounce, while silver fell 0.4 percent to $ 17.94 an ounce.
Palladium lost 0.3 percent to $ 1593.74, heading for losses for the fourth straight session.
settled gold little changed on Wednesday as investors waited for signs on the US central bank 's stance on monetary easing has changed, while the resulting decline in crude oil prices to reduce the demand for the yellow metal , which is considered a safe haven.
Saudi Arabia has sought to reassure markets after Saturday's attack slashed its oil production in half and said full production would resume by the end of the month.
Risk appetite affects gold, which is often seen as an alternative investment in times of political and financial uncertainty.
Gold was almost flat at $ 1502.62 an ounce by 0529 GMT. US gold futures fell 0.2 percent to $ 1,510.40 an ounce.
The focus is also on the Bank of Japan's monetary policy meeting, which is expected to ease its policy this year.
For other precious metals, platinum fell 0.2 percent to $ 941.08 an ounce, while silver fell 0.4 percent to $ 17.94 an ounce.
Palladium lost 0.3 percent to $ 1593.74, heading for losses for the fourth straight session.
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