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| Commodity News |
| HeadLine : |
Gold prices gain slightly in Asia as Fed, Trump eyed |
| Date : |
Feb 27 2017 |
Gold prices rose slightly in Asia on Monday with the Fed squarely in focus and remarks to the U.S. Congress by President Donald Trump due Tuesday seen as key to the central bank's views.
Ahead this week, markets will focus on Trump's address to Congress on Tuesday for further details on his promises of tax reform, deregulation and infrastructure spending as well as a handful of Fed appearances, most importantly Fed Chair Janet Yellen on Friday. Investing.com's Fed Rate Monitor Tool still sees a low chance for a Fed rate hike in March, though investors are showing caution.
Gold futures capitalized on continued pressure in the U.S. dollar with the yellow-metal hitting its highest point in 3-1/2 months in the intraday session, after the release of mixed U.S. economic data.
Source:investing
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