Gold Price Stuck Near Multi-month Lows

November 10, 2015

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.

Source: RTTnews

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