Business & Finance
Gold Steadies as Traders Track Iran Talk Prospects, US Midterms
Key Points
Commodities Gold Steadies as Traders Track Iran Talk Prospects, US Midterms Gold held a decline as traders tracked diplomacy efforts in the Middle East and the outcome of US midterm elections for clues on the path for interest rates and American fiscal policy. Bullion was hovering around $3,930 an ounce, following a modest retreat in the previous session that came after a jump of almost 2% on Monday. The precious metal’s movement has been choppy this week on conflicting signals on the...
Commodities
Gold Steadies as Traders Track Iran Talk Prospects, US Midterms
Gold held a decline as traders tracked diplomacy efforts in the Middle East and the outcome of US midterm elections for clues on the path for interest rates and American fiscal policy.
Bullion was hovering around $3,930 an ounce, following a modest retreat in the previous session that came after a jump of almost 2% on Monday. The precious metal’s movement has been choppy this week on conflicting signals on the progress of US-Iran talks, making the impact of energy prices on inflation difficult to gauge.