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Gold price little changed ahead of tomorrow’s Fed decision
The safe-haven asset remains steady around the $5,000-per-ounce resistance level, awaiting tomorrow’s Federal Reserve meeting. Analysts do not expect any surprises regarding the interest rate decision, which is likely to remain unchanged. However, uncertainty persists over the war in Iran and the succession at the top of the Fed between Jerome Powell and Kevin Warsh, which is still pending approval by Congress.
Gold and silver open the week lower
Gold and silver prices declined in early trading at the start of the week, pressured by selling due to rising U.S. stock indexes. Gold for April delivery fell by $38.30 to $5,022.90. Silver for May delivery dropped by $1.98, settling at $79.375.
[Source: Kitco news]
Gold trims gains, but support at $5,000 holds
The spot gold price trimmed its gains in today’s trading, sending the yellow metal into losses for the second consecutive week. The slowdown in the dollar and oil allowed the safe-haven asset to catch its breath, with the $5,000 per ounce support level still holding firm.
[Source: Kitco news]
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