Friday 26 August 2016

Comex Market Update : Gold holds steady after hitting four-week lows .

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On COMEX, Gold held consistent at an early stage Friday subsequent to hitting four-week lows in the past session when the dollar slipped in front of a discourse by Federal Reserve Chair Janet Yellen that will be nearly looked for pieces of information on U.S. loan fee strategy. 

Spot gold edged higher 0.1 percent at $1,323 an ounce at 0059 GMT. The metal touched an over 4-week low of $1,317.46 on Thursday. U.S. gold was up 0.1 percent at $1,326.10 an ounce. Market players are trusting Yellen will give a clearer signal on the way of U.S. financing cost climbs when she addresses a meeting of national investors in Jackson Hole, Wyoming, at 1400 GMT. 

Top Federal Reserve authorities on Thursday guarded their perspective that the U.S. national bank ought to presumably raise loan fees soon, saying that despite everything they planned to keep the economy running sufficiently quick to help work and expansion. The dollar stayed on tenterhooks on Friday. The dollar record , which gages the greenback against a wicker container of six noteworthy partners, edged down 0.2 percent to 94.622.

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