Pursuits
Gold Futures Little Changed as Investors Await Fed Rate Decision
- Prices have flipped between gains and losses for two weeks
- Volume at the Comex is 39 percent below the 100-day average
Fed Decision-Day: Weighing the Impact
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Gold futures were little changed in light trading as investors awaited the Federal Reserve’s decision on whether to raise interest rates.
Fed policy makers conclude a two-day meeting on Thursday amid conflicting signals on growth, with an improving U.S. labor market and a weaker Chinese economy muddying the outlook. Aggregate open interest in gold futures was 414,000 contracts, little changed from a week earlier and down 13 percent from mid-July, while trading Thursday was 39 percent below the 100-day average.