Gold Tries to Shine Amid Fed Policy Tightening Fears
Gold prices were stagnant on Thursday due to expectations of further Federal Reserve policy tightening. This development weighed down gold, despite oil prices dipping.
The spot price of gold was down 0.1% at $4,281.98 per ounce as of 0155 GMT. US gold futures for December delivery were essentially unchanged at $4,317.50.