Gold loses some shine as investors await FOMC meeting

A weekly market summary for gold, July 22-26

Sat, Jul 27, 2019 - 5:50 AM

THE precious metal eased off previously held gains amid strong US jobs data and profit-booking activities before the next Federal Open Market Committee meeting (July 30-31). Smaller rate cut expectations prompted a recovery in the US dollar whilst imposing mild headwinds for the yellow metal....