MTECHTIPS;-Gold prices dip with Jackson Hole central bank views

MTECHTIPS;-Gold prices dip with Jackson Hole central bank views awaited

MTECHTIPS- Gold prices fell slightly in Asia on Monday with the tone from central bank chiefs meeting in Wyoming this week on withdrawing extraordinary monetary stimulus key to the fortunes of the metal. Gold futures for December delivery eased 0.07% o $1.290.73 on the Comex division of the New York Mercantile Exchange. Coming up this week, investors will be looking ahead to speeches by central bankers at the Fed’s annual central bank symposium in Jackson Hole, Wyoming. European Central Bank President Mario Draghi is key as he has lagged a discussion so far underway in the US. and broached in Japan on the timing and methods to wind down asset buying programs. As well, U.S. data on housing and durable goods to gauge how it will impact on Fed policy, while the euro zone is to release data on private sector activity. Last week, gold prices retreated on Friday after surging to their highest level in nine months earlier on the back of concerns over U.S. political uncertainty and amid safe haven buying in the wake of a terrorist attack in Spain. The precious metal reversed course after reports that senior White House advisory Steven Bannon was leaving his post, in what was seen as a positive for the Trump administration’s agenda

MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips