Gold swung between gains and losses as investors weighed the outlook for stimulus by the U.S. Federal Reserve amid further outflows in investor holdings.
Spot gold was little changed at $1,395.66 an ounce at 2:21 p.m. in Singapore, after rising and falling at least 0.6 percent. Prices fell to $1,338.85 yesterday, the lowest since April 18, before ending 2.5 percent higher after Moody’s Investors Service said that the U.S. may face a credit downgrade. Bullion for June delivery gained 0.6 percent to $1,392.60 on the Comex in New York.
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