Gold off two-week peak as oil advances, Fed meeting eyed
GLD•Upcoming data and events
| DATA/EVENTS (GMT) | |
| 0645 | France Business Climate Mfg, Overall Jul |
| 1000 | UK CBI Business Optimism Q3 |
| 1215 | EU ECB Financing Rate Jul |
| 1215 | EU ECB Deposit Rate Jul |
| 1230 | US Initial Jobless Clm 18 Jul, w/e |
| 1400 | EU Consumer Confid. Flash Jul |
NovaGold plans all-stock deal for Donlin Gold
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NOVAGOLD Resources NG.TO said on Wednesday it would acquire the shares it does not already own in Donlin Gold from Paulson Advisors in an all-stock deal that would create a gold producer worth $4.2 billion.
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Spot silver XAG= was up 0.1% at $59.78 per ounce, platinum XPT= inched 0.1% higher to $1,646.57 and palladium XPD= gained 0.4% to $1,296.50.
Gold eases from two-week high as markets watch Fed
July 23 (Reuters) - Gold traded below two-week highs on Thursday as an escalating Middle East conflict drove oil prices higher, while traders shifted focus to next week's Federal Reserve meeting for clues on the timing of potential interest rate hikes.
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Spot gold XAU= was little changed at $4,133.39 per ounce as of 0115 GMT, having climbed to $4,165.87 in the last session, its highest since July 7. U.S. gold futures GCcv1 for August delivery fell 0.4% to $4,136.8.
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