Gold edges down in Asia with market awaiting Fed next week
Gold prices eased slightly in Asia with the market awaiting comment from the Fed at next week's review of policy and any language on what looks like a US tax cut package passed before the end of the year. Elsewhere, Middle East tension rose as President Donald Trump breaks with decades of US foreign policy, saying he's directing the State Department to begin preparations to move the U.S. Embassy in Israel from Tel Aviv to Jerusalem. Overnight, gold prices hovered above six-week lows on Wednesday as dollar strength continued after uncertainty over a possible US government shutdown eased, reducing investor demand for safe-haven gold. Expectations for Congress to pass a funding bill stoked sentiment on the greenback as it remained close to session highs, pressuring gold to give up early session gains.
Source : Investing
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