empty
 
 

2019.11.2109:49:00UTC+00Gold Prices Ease After Fed Minutes

Gold prices drifted lower on Thursday after the minutes of the October meeting of the Federal Reserve's interest-rate-setting committee suggested the bank will not likely change interest rates soon.

Spot gold slipped 0.15 percent to $1,468.88 per ounce, while U.S. gold futures were down 0.4 percent at $1,468.65 per ounce.

Losses remain limited amid renewed uncertainty about the Phase 1 trade deal between the U.S. and China.

U.S. President Donald Trump told reporters on Wednesday that he has not made a trade deal with China yet because Beijing is not "stepping up" in negotiations. "I don't think they're stepping up to the level that I want," he said.

A U.S. bill aimed at protecting Hong Kong's freedom also added to tensions between the world's two biggest economies.

China threatened "strong countermeasures" if U.S. lawmakers throw their support behind the protesters in Hong Kong.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback