Gold Steady After Encouraging Economic News

Gold futures were flat Monday amid some upbeat U.S. economic data and a steady dollar.

The Chicago Fed’s national economic activity index improved to a 12-month high, boosting the likelihood of an interest rate hike before year’s end.

December gold settled at $1,343.40/oz, down $2.80, or 0.2%

Trading was quiet ahead of the Federal Reserve’s annual Jackson Hole symposium.

Central bankers will gather to fish, chat and listen to remarks from Fed Chair Janet Yellen on Friday.

The material has been provided by InstaForex Company – www.instaforex.com

Tagged with:

  Symbol Bid Ask Spread
EURUSD 1.22680 1.22700 2
  Symbol Bid Ask Spread
GBPUSD 1.40220 1.40250 3
  Symbol Bid Ask Spread
USDJPY 107.800 107.820 2
  Symbol Bid Ask Spread
EURGBP 0.87470 0.87500 3
  Symbol Bid Ask Spread
EURCHF 1.19660 1.19690 3

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