Gold holds steady as investors await Fed verdict

* Fed policy statement due at 1800 GMT

* Dollar rises 0.1% against its rivals

* Gold prices fell 7% in June (Updates prices)

By Brijesh Patel

July 28 (Reuters) - Gold prices held steady near the key $1,800 per ounce level on Wednesday as investors held back from making large bets ahead of a U.S. Federal Reserve policy decision due later in the day.

The Fed's policy statement is due at 1800 GMT on Wednesday, followed by a news conference by Chairman Jerome Powell.

Spot gold XAU= was little changed at $1,796.56 per ounce, as of 1203 GMT. U.S. gold futures GCv1 eased 0.3% to $1,794.40.

"Gold prices continue their slow dance around $1,800 mark. It seems the market is unable to find a clear direction either way, and investors are awaiting the Federal Open Market Committee meeting ... there is very little volatility," Carlo Alberto De Casa, market analyst at Kinesis, said.

Gold prices fell 7% last month to register their biggest monthly decline since November 2016, following a hawkish tilt from the U.S. central bank.

Investors now will be looking out for cues on when the central bank will begin to taper its monetary support amid fast-rising prices and any view on the looming threat from the Delta coronavirus variant.

"The majority of Fed representatives, including Fed Chair Powell, still regard this (inflation) as a transitory development," Commerzbank analysts said in a note.

"This means that hawkish surprises are not particularly likely today, especially as there will be no new projections for growth, inflation or the dot plot envisaged by the FOMC members this time."

The dollar, meanwhile, edged 0.1% higher, making gold more expensive for holders of other currencies.

Elsewhere, silver XAG= rose 0.2% to $24.72 per ounce, after having hit its lowest level in nearly four months at $24.46 on Tuesday.

Palladium XPD= fell 0.2% to $2,602.14 per ounce, and platinum XPT= dipped 0.1% to $1,049.62.
Reporting by Brijesh Patel in Bengaluru; Editing by Ramakrishnan M., David Evans and Joe Bavier

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。


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