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Gold steady, but rate hike views could dampen appeal

Updated : August 24, 2018 06:55 AM IST

Spot gold was up 0.1 percent at $1,186.35 an ounce at 0058 GMT, after falling about $10 on Thursday.
Federal Reserve policymakers broadly agree that US interest rates should rise further this year and next, despite US President Donald Trump's displeasure with such a plan, two policymakers' comments underscored on Thursday.
The Fed's latest policy meeting minutes suggested it is on course to raise interest rates further after two hikes this year, denting demand for non-interest-yielding gold.
Gold steady, but rate hike views could dampen appeal
Published : August 24, 2018 06:55 AM IST

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