Gold Futures Prices Fall in Asia US Politics In Focus

Gold Futures Prices Fall in Asia US Politics In Focus

Prices of gold futures remained stable on Monday, while the dollar fell against the yen, with a week of central bank comments on and what is expected to be a record audience for the first discussion between the two leading candidates of US presidential.

Gold for December delivery on the Comex division of the New York eased 0.32% to $1,337.35 a troy ounce.

Spot gold had edged up 0.1 percent to $1,338.82 an ounce.

US presidential debate Donald Trump between Republican and Democrat Hillary Clinton will take place at 0100 GMT on Tuesday by the investors looking for signs that could win the race to lead the world’s biggest economy.

In the next week, Federal Reserve Chairman Janet Yellen will speak amid the current uncertainty about the timing of the next rise in US rates .. In addition, a couple of speeches the president of the European Central Bank, Mario Draghi , will be focused on looking for fresh clues on whether the ECB will step up monetary stimulus in the coming months to push of inflation and prop up the economy.

Furthermore, the statements of Bank of Japan Governor Haruhiko Kuroda were observed in the wake of last week’s decision by the central bank to change its policy framework.

Gold prices moved lower by Rs 80 to Rs 31,520 per 10 grams in the national capital.

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