Equity Tips:- Gold Claws Back From Four-Month Low; Investors Await Fed

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Gold prices rose on Wednesday, ticking up from a four-month low hit in the previous session, as Chinese buyers returned to the market following the Labour Day holiday, while investors awaited cues on the U.S. monetary policy from a two-day Federal Reserve meeting.

 

Spot gold was up 0.5 percent at $1,310.30 per ounce at 0419 GMT. Gold fell to $1,301.51 in the previous session, its lowest since Dec. 29, 2017.

 

U.S. gold futures for June delivery rose 0.3 percent to $1,310.80 per ounce on Wednesday.

 

The Chinese are back from a long holiday and we're seeing some buying interest on the downside.

 

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  1. Rudra Investment4 May 2018 at 14:57

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