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Investors remain cautious about the Federal Reserve’s stimulus program and expect it to be scaled back sooner than Fed leaders are suggesting.
Investors remain cautious about the Federal Reserve’s stimulus program and expect it to be scaled back sooner than Fed leaders are suggesting.
This concern caused gold futures for December delivery to fall to $1,261.70 an ounce today on the COMEX in New York, down $11.80 from the previous session, as per The Wall Street Journal. However, spot gold prices were mostly unchanged at $1,274.24 an ounce, Reuters said.
Investors are currently waiting for the minutes of a Federal Reserve meeting today as they may offer clues on the future of stimulus.
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