Gold trades mostly flat in Asia
On Thursday, gold traded mostly flat in Asia with major bank gatherings in Japan and America next week setting a high-stakes stage for markets.
In New York, December delivery gold futures traded flat at $1,326.05 per troy ounce. Besides this, December delivery silver futures tacked on 0.09%, hitting $2.154 a pound.
The Bank of Japan's September 21 verdict was bumped up a notch in market eyes on Wednesday’s report suggesting a further move on negative interest rates could be officially announced on the same day the Fed’s decision on a rate lift takes place, probably generating spillover effects.
Overnight, gold prices struggled close to the lowest value in almost two weeks during Europe's trading session on Wednesday, ahead of a closely-watched American retail sales data on Thursday, that’s expected to shape the market's near-term interest rate hopes.
On Thursday, the Commerce Department is expected to issue data on August retail sales observed as another piece of the puzzle on the timing of future American interest rate hikes.