Gold steady
Bengaluru
Gold traded in a narrow range on Wednesday as investors waited for clues on whether the U.S. Federal Reserve would hike interest rates this year.
At the end of the week, Fed Chair Janet Yellen is scheduled to address a gathering of global central bankers in Jackson Hole, Wyoming.
Recent hawkish comments from some policymakers have raised investors' expectations that Yellen might also take a less cautious tone.
"Markets are going to be quiet until Friday as everyone is waiting for some clues from Janet Yellen's speech," said Kent Li, deputy incharge for bullion desk, Wing Fung Precious Metals.
Spot gold was nearly flat at $1,336.88 an ounce at 0651 GMT. U.S. gold slipped 0.4 percent to $1,340.70 an ounce.
Spot gold may revisit its Aug. 22 low of $1,331.35 within the next 24 hours, according to Reuters technical analyst Wang Tao.
-
Polar Vortex ‘exceptional’ Disruption: Rare Shift Signals Extreme February Winter -
Which Countries Are Worst And Best In Public Sector AI Race? -
Matthew McConaughey Opens Up About His Painful Battle With THIS -
Emma Stone Reveals She Is ‘too Afraid’ Of Her ‘own Mental Health’ -
China Unveils ‘Star Wars’-like Missile Warship For Space Combat -
King Charles Facing Pressure Inside Palace Over 'Andrew Problem' -
Trump Refuses Apology For Video Depicting Obama As Apes Amid Growing Backlash -
Jesy Nelson Reflects On Leaving Girls' Band Little Mix -
World’s First Pokemon Theme Park Opens In Tokyo, Boosts Japan Tourism -
Waymo Trains Robotaxis In Virtual Cities Using DeepMind’s Genie 3 -
5 Simple Rules To Follow For Smooth, Healthy Hair -
$44 Billion Bitcoin Blunder: Bithumb Exchange Apologizes For Accidental Payout -
Katie Price Ends Public Feud With Ex Peter Andre After 16 Years -
Apple May Bring ChatGPT And Other AI Apps To CarPlay -
Meghan Markle, Prince Harry Likely To Attend Super Bowl Halftime Show 2026 -
AI Next Big Trial: Elon Musk Calls For ‘Galileo Test’ To Prove True Intelligence