Gold pared gains on Thursday after climbing from the prior session's four-month low as a recovery in Chinese shares cooled fears of a wider rout in the major bullion consumer while strength in the US dollar kept a lid on gains.
The gold market was subdued after minutes from the US Federal Reserve's last meeting, released on Wednesday, suggested caution towards a near-term increase in interest rates.
Spot gold was up 0.3% at $1,160.96 an ounce at 3:10 p.m. EDT (1910 GMT), up from Wednesday's four-month low at $1,146.75, just a few dollars from its low for the year, a key support level. US gold futures for August delivery settled down 0.4% at $1,159.20.
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The gold market was subdued after minutes from the US Federal Reserve's last meeting, released on Wednesday, suggested caution towards a near-term increase in interest rates.
Spot gold was up 0.3% at $1,160.96 an ounce at 3:10 p.m. EDT (1910 GMT), up from Wednesday's four-month low at $1,146.75, just a few dollars from its low for the year, a key support level. US gold futures for August delivery settled down 0.4% at $1,159.20.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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