Gold price steady around $1,265/oz, Fed talk keeps price in check

October 25, 2016

London (Oct 25)  The price of gold was steady on Tuesday October 25 in London, but expectations about US interest-rate rises are capping significant moves higher, market participants said.

The spot gold price was recently quoted at $1,268.10/1,268.50 per oz, up $4 on the previous close. Trade has again ranged narrowly from $1,262.15 to $1,269.10 so far. With the market pricing in about a 70%...

Source: MetalBulletin

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