Intraday Tips, Gold Prices Steady As U.S. Dollar Firms

Gold prices held steady on Thursday as the U.S. dollar firmed following overnight losses after the release of minutes from the last U.S. Federal Reserve meeting, which suggested a cautious approach to interest rate hikes. 


  • Spot gold had crept down 0.1 percent to $1,236.30 per ounce at 0109 GMT, while U.S. gold futures rose 0.4 percent to $1,237.6. 
  • Many Fed policymakers said it may be appropriate to raise interest rates again "fairly soon" should job and inflation data come in line with expectations, according to the minutes of the Fed's last policy meeting. 
  • The minutes of the Jan. 31-Feb. 1 discussion also showed the depth of uncertainty at the Fed over the lack of clarity on the new Trump administration's economic program.
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