Gold was mostly unchanged early on Wednesday as
investors remained on the sidelines waiting for clues from the US Federal
Reserve later this week on whether it will raise rates this year.
Commodity Tips INTERNATIONAL MARKET UPDATE
GOLD $ 1340.45
SILVER $ 18.877,
COPPER $314.05,
CRUDE OIL $ 47.40,
INR 67.105.
* Spot gold was nearly flat at USD 1,338.20 an ounce at
0059 GMT.
* US gold slipped 0.3 percent to USD 1,342.60 an ounce.
* Amid conflicting signals from the Fed in recent days,
central bankers from around the world will gather from Aug. 25 for an annual
meeting in the mountains of Jackson Hole, Wyoming, with Fed chair Janet Yellen
due to speak the following day.
*
Indian gold refiners just months ago were ramping up capacity and struggling to
secure enough ore from miners. Now they are suspending operations as a surge in
smuggled bullion wipes out wafer thin margins.
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