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Wednesday May 01, 2024

Gold steadies

By REUTERS
November 28, 2017
Gold prices were steady early Monday, as the dollar held close to a two-month low hit in the previous session against a basket of major curriences.
Spot gold was nearly unchanged at $1287.67 an ounce at 0045 GMT. U.S. gold futures for December delivery were flat at $1,287.20.
The dollar index / which measures the greenback against a basket of six major currencies, was little-changed at 92.806 and hovered near a two-month low of 92.675 hit on Friday.
U.S. President Donald Trump will meet with Senate Republicans this week to discuss their party´s efforts to pass tax reform legislation, the chairman of the Senate Republican Policy Committee said on Friday.
Market players are looking to the Congressional hearing on Fed Chair nominee Jerome Powell on Tuesday.