Gold holds steady as investors weigh US rate hike prospects
Gold prices were steady in early Asian trading as investors assessed the likelihood of another US Federal Reserve interest rate hike this year.
Key Takeaways
AIGold prices remained steady at the start of Asian trading, as investors focused on assessing the chances of another interest rate hike by the US Federal Reserve this year.
Spot gold was little changed at $4,285.31 per ounce, while US gold futures for December delivery held at $4,321.40.
Among other precious metals, spot silver fell 0.6% to $64.08 per ounce, platinum was steady at $1,749.47, and palladium rose 0.2% to $1,261.95.