Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Commodities  >  Platinum       

PLATINUM
My previous session
Most popular
SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets

Metals : Gold Falls as Fed Considers Faster Pace of Rate Increases

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/03/2018 | 09:15pm CEST
By Ira Iosebashvili 

Gold prices fell in aftermarket trading Wednesday after minutes from the Federal Reserve's latest monetary policy meeting showed the central bank mulling a faster pace of rate increases this year.

Gold for January delivery was recently down 0.3% at $1,312.10 a troy ounce in electronic trading. Prices closed up 0.2% at $1,316.20 a troy ounce in regular trading on the Comex division of the New York Mercantile Exchange.

Federal Reserve officials in December debated whether new tax cuts would require them to raise short-term interest rates faster this year after lifting them three times last year, the minutes showed. Gold struggles to compete with yield-bearing assets when rates rise.

The hawkish headlines are giving investors an excuse to lock in recent gains, said George Gero, managing director at RBC Capital Markets, in a note to clients.

Gold had its best year since 2010 last year with a 14% gain, boosted by a weakening dollar and political tensions around the world.

Investors are also awaiting Friday's U.S. employment report on whether stronger economic growth is stimulating higher wages.

In base metals, copper for January delivery was down 0.6% to $3.2370 a pound.

Write to Ira Iosebashvili at ira.iosebashvili@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
GOLD 0.20% 1229.52 Delayed Quote.-6.40%
PLATINUM 0.18% 844.44 Delayed Quote.-9.67%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PLATINUM
08:33aAnglo American's De Beers Sold $475 Million in Year's Eighth Diamond Cycle
DJ
10/15BMW Teams Up With Umicore and Northvolt for Sustainable Batteries
DJ
10/04Aluminum Extends Climb on Refinery Closure
DJ
10/04Aluminum Extends Climb on Refinery Closure
DJ
10/02JOHNSON & JOHNSON : Closes Sale of LifeScan to Platinum Equity
DJ
09/21RHI Magnesita Appoints Ian Botha as CFO
DJ
09/21ANGLO AMERICAN PLATINUM : Finance Director Resigns, Effective 2019
DJ
09/19Metals Prices Advance as Dollar Ticks Lower
DJ
09/14Metals Fall on Latest Tariff Talk, Economic Data
DJ
09/13Smartphones, Electric Cars Keep Miners Digging by -2-
DJ
More news
Chart PLATINUM
Duration : Period :
Platinum Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PLATINUM
Short TermMid-TermLong Term
TrendsBullishNeutralBearish