Gold prices endeavored to glide higher on Wednesday, breaking out before the FOMC minutes, the first main economic development this week.
Gold for June delivery fell 50 cents to $1,294.10 per ounce. July silver grew 3 cents to $19.44 per ounce.
Previously, gold prices climbed but failed to break free from its close trading range as the World Gold Council posted 1st quarter demand was even from last year.
A day earlier, gold prices rose nominally but couldn’t break free from its tight trading range as the World Gold Council reported first-quarter demand was basically flat from a year ago.
“We remain range bound and the markets show no real signs of wanting to change that… with a US and U.K. bank holiday approaching on Monday, there is no real reason for excitement unless we get any news from Ukraine or South Africa, expect things to continue in the same vein for the time being,” said David Govett, Manager at Marex Spectron.
Platinum for July delivery profited $5.30 or 0.4%, to $1,474.20 per ounce. June palladium ascended $2.90 to $828.75 per ounce. High-grade copper for July delivery wiped out a penny to $3.13 per pound.
The material has been provided by InstaForex Company – www.instaforex.com
Gold prices endeavored to glide higher on Wednesday, breaking out before the FOMC minutes, the first main economic development this week.
Gold for June delivery fell 50 cents to $1,294.10 per ounce. July silver grew 3 cents to $19.44 per ounce.
Previously, gold prices climbed but failed to break free from its close trading range as the World Gold Council posted 1st quarter demand was even from last year.
A day earlier, gold prices rose nominally but couldn’t break free from its tight trading range as the World Gold Council reported first-quarter demand was basically flat from a year ago.
“We remain range bound and the markets show no real signs of wanting to change that… with a US and U.K. bank holiday approaching on Monday, there is no real reason for excitement unless we get any news from Ukraine or South Africa, expect things to continue in the same vein for the time being,” said David Govett, Manager at Marex Spectron.
Platinum for July delivery profited $5.30 or 0.4%, to $1,474.20 per ounce. June palladium ascended $2.90 to $828.75 per ounce. High-grade copper for July delivery wiped out a penny to $3.13 per pound.
The material has been provided by InstaForex Company – www.instaforex.com
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