Gold Price Stuck Near Multi-month Lows
Washington (Nov 10) Gold prices barely moved for a second day Tuesday, unable to trim last week's big losses amid uncertainty about the Federal Reserve's next move on interest rates.
Dec. gold settled at USD1,088.50 /oz on Comex, up 40 cents on the day.
Proir to yesterday's scant gains, gold prices dropped for seven days in a row.
Traders await a speech from dovish Chicago Federal Reserve Bank President Charles Evans , who speaks on a panel at 2:30 pm ET .
If Evans hints that a rate hike is imminent, gold prices should fall further.