Gold muted as investors weigh chances of further Fed rate hikes
GLD•Other metals and scheduled data
- Iran and the United States remain far apart on how to end their war but diplomacy must continue, a senior Iranian official told Reuters, after Iran's president told the U.N. General Assembly that Tehran would never surrender to U.S. pressure.
- U.S. President Donald Trump welcomed Chinese President Xi Jinping to Washington for a three-day visit where the superpowers' tensions over trade, technology and Tehran will play out against a backdrop of pomp and ceremony.
- Among other metals, spot silver XAG= fell 0.6% to $64.08 per ounce, platinum XPT= steadied at $1,749.47 and palladium XPD= rose 0.2% to $1,261.95.
| Time (GMT) | Data/Event |
|---|---|
| 0030 | Japan S&P Global Mfg PMI, Comp Op, SVC PMI Flash SA Sep |
| 0645 | France Business Climate Mfg, Overall Sep |
| 0800 | Germany Ifo Business Climate, Curr Conditions, Expectations New Sep |
| 1230 | U.S. Initial Jobless Clm 19 Sep, w/e |
| 1400 | U.S. New Home Sales-Units Aug |
Gold steady as Fed hike bets weigh on prices
Sept. 24 (Reuters) - Gold prices were muted in early Asian trade on Thursday, with investors focused on the prospect of further Federal Reserve interest rate hikes this year.
- Spot gold XAU= was flat at $4,285.31 per ounce, as of 0022 GMT.
- U.S. gold futures GCcv1 for December delivery were little changed at .
