Bullionguru’s”Gold higher in Asia heading into Fed rate views”

Live NEWS Update

Gold gained in Asia on Wednesday in cautious trade as investors awaited the latest Fed rate decision and forward-looking guidance on plans to trim its massive balance sheet.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose 0.23% to $1,271.55 a troy ounce.

China reported industrial production for May rose a faster than expected 6.5% on year, and retail sales also gained a clip quicker at 10.7%, while fixed-asset investment came in a less than seen 8.6%.

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