Gold firms ahead of Fed meeting

- August 9th, 2010

On Monday, Gold rose as uncertainty hit the market ahead of a U.S. Federal Reserve policy meeting this week, with soft economic data sparking speculation that the Fed may announce additional monetary easing measures.

On Monday, Gold rose as uncertainty hit the market ahead of a U.S. Federal Reserve policy meeting this week, with soft economic data sparking speculation that the Fed may announce additional monetary easing measures.

The press release is quoted as saying:

Spot gold was bid at $1,206.95 an ounce at 1135 GMT (7:35 a.m. EDT), against $1,203.30 late in New York on Friday. U.S. gold futures for December delivery rose $4.30 an ounce to $1,209.80.

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