Monday 19 May 2014

Gold futures edge lower on Monday

Gold futures edged lower on Monday as investors assessed the health of the US economy and the impact on monetary stimulus against tension in Ukraine. Further, investors looking ahead to the Fed meeting later this week also influenced the precious metal price.
Gold futures for June delivery edged down 0.07 percent at $1,292.50 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold traded at $1,294.06 an ounce.

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