Gold held steady on Wednesday as fears of an escalation of tensions in Ukraine eased slightly but markets remained cautious ahead a policy decision by the U.S. Federal Reserve. The Fed is ex- pected to continue to reduce its monthly bond purchase program, but also to alter its forward guidance when it gives its statement later in the day. GOLD SPDR’s the worlds largest gold ETF holdings remained unchanged at 812.78 tons as on Tuesday. Outlook: Gold is expected to trade with negative bias & take cues from Fed reserve meet.
Posted on: Wed, 19 Mar 2014 06:34:23 +0000