Gold Steady at Four-month High

Reuters reported that gold prices are holding steady at four-month highs ahead of the central bank meeting.

As quoted in the market news:

Gold has gained 3.1 percent so far in August and is on track for its largest monthly percentage rise since January, fuelled largely by expectations the Federal Reserve and the European Central Bank will take extra steps to keep borrowing costs low.

Click here to read the full Reuters report.