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Gold muted as Fed policy tightening prospects weigh
Gold prices were muted on Thursday, pressured by expectations of further Federal Reserve policy tightening, though a dip in oil prices offered some support. Spot gold was down 0.1% at $4,281.98 per ounce, as of 0155 GMT. US gold futures for December delivery were little changed at $4,317.50. “Investors are currently focused on the Fed’s higher-for-longer stance following last week’s rate increase, fluctuations in the US dollar and Treasury yields, and Middle East developments related to oil and energy supply risks,” said Ross Maxwell, chief strategy officer, VT Markets. “A clearer signal...
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