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London Spot Gold Edges Up; Fed Decision Likely To Weigh -- Market Talk

12 Jun 2017 2:04 am

0204 GMT - London spot gold edges higher Monday, after having eased from recent highs at the end of last week amid a strengthening dollar. Gold will likely drift lower this week as the Fed is expected to raise rates, says OM Financial's Mark Johnson. He says gold may test a support level of $1,265/oz in the near term and could drift further towards the $1,250/oz mark. Spot gold is up 0.1% at $1,267.37/oz. (biman.mukherji@wsj.com)
 

(END) Dow Jones Newswires

June 11, 2017 22:04 ET (02:04 GMT)

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