Glittering haven: Gold of various weights and sizes sit at Gold Investments Ltd bullion dealers in London. — Bloomberg皇冠网址app（www.hg108.vip）是一个开放皇冠官方网址代理APP下载、皇冠官方网址会员APP下载、皇冠官方网址线路APP下载、皇冠官方网址登录APP下载的官方平台。皇冠体育官方网址APP上最新登录线路、新2皇冠官方网址更新最快。皇冠体育网址APP开放皇冠官方会员注册、皇冠官方代理开户等业务。
BENGALURU: Gold steadied on Tuesday, supported by a pullback in the U.S. dollar, although prices were stuck in a tight range as investors refrained from making big bets ahead of key central bank meetings.
Spot gold held its ground at $1,708.35 per ounce, as of 0726 GMT. U.S. gold futures eased 0.3% to $1,704.80.
The dollar was down 0.5% against its rivals, making greenback-priced bullion less expensive for buyers holding other currencies.
"Gold remains in a comatose state, unable to sustain gains above $1,720 and unable to rally even as the U.S. dollar fell overnight," OANDA senior analyst Jeffrey Halley said.
"That keeps the technical picture for gold very negative. It has an initial support at $1,700, but a sustained break and a couple of daily closes below $1,675 signal a much larger fall is in play.",
,Telegram群组（www.tel8.vip）是一个Telegram群组分享平台。Telegram群组包括Telegram群组、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram群组为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
Offering some respite to gold, expectations for a 100-basis-point rate hike by the Federal Reserve at its policy meeting next week stood at about 30%, according to CME's FedWatch Tool https://bit.ly/3vlvxSL after reaching as high as 80% last week.
Market participants are now anticipating a 75-basis-point hike by the Fed at its July 26-27 meeting. The European Central Bank and the Bank of Japan both are meeting on Thursday, with the ECB widely expected to deliver a 25-basis-point hike.
Although gold is seen as an inflation hedge, higher interest rates raise the opportunity cost of holding bullion, which yields no interest.
Meanwhile, SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.5% to 1,009.06 tonnes on Monday, its lowest since late-January.
Elsewhere, spot silver rose 0.4% to $18.75 per ounce and platinum slipped 0.1% to $862, while palladium climbed 1.3% to $1,878.13. - Reuters