News Column

Gold Stuck Below USD1,300 As Stocks Waver

May 20, 2014

WASHINGTON (Alliance News) - Gold prices are little changed for a second day Tuesday morning amid reports about a notable drop in gold demand from China last quarter.

However, lingering concerns about the ongoing unrest in Ukraine and subdued global equity markets are supporting the yellow metal to an extent.

Gold futures for July delivery are down USD0.60 or 0.05% at USD1,293.40.

Silver for July is up USD0.045 or 0.23% at USD19.398 an ounce.

Meanwhile, copper is down USD0.009 or 0.29% at USD3.158 per pound.

At 12:30 pm ET, Philadelphia Federal Reserve Bank President Charles Plosser is due to speak on the economic outlook in Washington.

Investors are also looking ahead to the minutes of the US Federal Reserve's monetary policy meeting, due on Wednesday.

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Source: Alliance News

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