Gold Forecast:
On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1$,320.60 a troy ounce, up 0.31%, after hiting an overnight session low of $1,314.40 and off a high of $1,325.70.
The Federal Reserve will release the minutes from its June policy meeting on Wednesday, and investors avoided the both the greenback and gold ahead of time, as uncertainty persists as to what the U.S. central bank will do with interest rates next year.
While the labor market has shown some signs of improvement, markets remain unclear as to how much time will pass from when the Fed will wrap up stimulus programs and when it will begin hiking benchmark interest rates.Silver for September delivery was up 0.37% at $21.090 a troy ounce. cooper futures for September delivery were down 0.27% at $3.252 a pound.
On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1$,320.60 a troy ounce, up 0.31%, after hiting an overnight session low of $1,314.40 and off a high of $1,325.70.
The Federal Reserve will release the minutes from its June policy meeting on Wednesday, and investors avoided the both the greenback and gold ahead of time, as uncertainty persists as to what the U.S. central bank will do with interest rates next year.
While the labor market has shown some signs of improvement, markets remain unclear as to how much time will pass from when the Fed will wrap up stimulus programs and when it will begin hiking benchmark interest rates.Silver for September delivery was up 0.37% at $21.090 a troy ounce. cooper futures for September delivery were down 0.27% at $3.252 a pound.
