Gold eases as market prepares for Fed meeting outcome



* Could slip to $1,750-$1,770 on Fed plans, analyst says

* U.S. dollar, treasury yields lower

* China slowdown could hit silver consumption - analyst

By Nakul Iyer

July 26 (Reuters) - Gold edged lower on Monday as investors turned cautious in the run-up to a Federal Reserve policy meeting, overshadowing some support from a weaker dollar.

Spot gold XAU= was down 0.2% at $1,798.41 per ounce by 13:56 p.m. EDT, while U.S. gold futures GCv1 settled 0.1% lower at $1,799.20.

The U.S. central bank will begin its two-day policy meeting on Tuesday.

"The concern now is that we will get the first hints of not necessarily a rate increase but what kind of reductions the Fed envisions to its balance sheet, and that could be a trigger for rates to move higher," said Edward Meir, analyst with ED&F Man Capital Markets.

Meir, however, said that was unlikely to drive a sustained fall in gold, with the metal drawing support from a dovish European Central Bank, a currently accommodative Fed, large fiscal stimulus and higher inflation.

Both the ECB and Fed have suggested they will keep monetary policy accommodative for some time.

Yet Han Tan, market analyst at Exinity Group, said that if the policy-setting Federal Open Market Committee provides more details about tapering plans, gold could test the June lows of $1,750-$1,770.

Bullion's dip came despite a weaker dollar and a slight dip in benchmark U.S. Treasury yields.

Elsewhere, silver XAG= rose 0.2% to $25.22 an ounce.

"You might have to wait for a bit for a breakout in silver, said Phillip Streible, chief market strategist at Blue Line Futures in Chicago.

"Silver relies a lot on infrastructure and the slowdown in China might impact the technology that silver demands in order to be consumed."

Floods in central China, especially in the industrial and transport hub city of Zhengzhou, have raised concerns over damage to the region's infrastructure.

Among other metals, platinum XPT= gained 0.8% to $1,070.11 an ounce and palladium XPD= was slightly up at $2,672.98.
Reporting by Nakul Iyer, Arundhati Sarkar and Bharat Govind Gautam in Bengaluru; Editing by Paul Simao and Pravin Char

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明