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Investing.com
Gold Down Ahead of Fed Policy Decision, Ukraine Tensions Dampen Risk Appetite
By Gina Lee
FX Empire
Daily Gold News: Tuesday, Jan. 25 – Gold’s Sideways Trading Action
Gold is 0.3% lower this morning, as it is still trading within a short-term consolidation. What about the other precious metals?
Reuters
Gold bounces to 2-month peak as Ukraine worries grow
Gold hit an over two-month high on Tuesday as concerns over tensions surrounding Ukraine prompted investors to flock to safe havens, even as they awaited the Federal Reserve's decision on its interest rate hike trajectory. Spot gold XAU= rose 0.3% to $1,848.53 per ounce by 10:02 a.m. ET (1502 GMT), while U.S. gold futures GCv1 rose 0.5% to $1,851.50. Investors want to know how aggressive the Fed would be for the rest of the year and if it would signal more hikes to tackle inflation, Haberkorn added.