Gold prices down prior to start of Fed meeting
28/04/2015 12:35
Gold prices dipped prior to the start of the two-days of policy deliberations by the US Federal Reserve expected to more clearly set the stage on a widely expected rate hike later this year. Gold futures for June 2015 contract, at MCX, were trading at Rs. 27,034 per 10 grams, down by 0.18 per cent after opening at Rs. 27,070 against the previous closing price of Rs. 27,083. It touched the intra-day low of Rs. 27,006 till the trading. (At 12.14 PM today).
The Fed is expected to keep its benchmark Federal Funds Rate at its current level of zero to 0.25 per cent following the conclusion of the two-day Federal Open Market Committee (FOMC) meeting on Wednesday.
28/04/2015 12:35
Gold prices dipped prior to the start of the two-days of policy deliberations by the US Federal Reserve expected to more clearly set the stage on a widely expected rate hike later this year. Gold futures for June 2015 contract, at MCX, were trading at Rs. 27,034 per 10 grams, down by 0.18 per cent after opening at Rs. 27,070 against the previous closing price of Rs. 27,083. It touched the intra-day low of Rs. 27,006 till the trading. (At 12.14 PM today).
The Fed is expected to keep its benchmark Federal Funds Rate at its current level of zero to 0.25 per cent following the conclusion of the two-day Federal Open Market Committee (FOMC) meeting on Wednesday.
