16
December
Gold holds near $1,125/oz ahead of Fed announcement
16 December 2009 Forbes
Gold prices were steady in Europe on Wednesday as the dollar held near 2-1/2 month highs against the euro ahead of a key monetary policy announcement from the U.S. Federal Reserve later in the day.
Traders are also closely eyeing inflation data due for release in the euro zone and the United States this session, after a stronger-than-expected reading of the U.S. producer price index on Tuesday lifted gold.
