Gold hit its highest in nearly a week on Tuesday as violence flared in the Middle East and Ukraine, but gains were capped by uncertainty ahead of a Federal Reserve policy meeting and important U.S. data later this week. Israel's military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, squashing any hopes of a swift end to fighting. Spot gold was up 0.3 percent at $1,307.20 an ounce at 0933 GMT, after slipping by a similar amount in the previous session. "Ahead of the Fed tomorrow evening, no-one wants to take a major position," he added.
via Business News http://ift.tt/1zpThjz
via Business News http://ift.tt/1zpThjz
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