Thursday 22 August 2019

Gold Eased As Investors Cashed In Some Gains Ahead Of Minutes From The U.S.

Gold trading range for the day is 37722-38176.

Gold eased as investors cashed in some gains ahead of minutes from the U.S. Federal Reserve's last meeting.

Prices rallied this month after recent strong gains fuelled by worries over the outlook for the global economy

Traders are awaiting the central bank's annual Jackson Hole seminar later this week, with major focus on a scheduled speech by Fed Chair Jerome Powell.

Russia's gold reserves stood at 71.3 million troy ounces as of the start of August, the central bank said.

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