10
August
Gold steady around $1,200 before Fed meeting
10 August 2010 Reuters
Gold steadied around $1,200 on Tuesday on bargain hunting as investors bet the U.S. Federal Reserve would take further steps to ease monetary policy later in the day, boosting bullion's safe-haven appeal.
Researchers at the San Francisco Federal Reserve Bank said there is a "significant" chance the U.S. economy will slip back into recession in the next two years although a reversal is unlikely in the next few months.
