Gold prices tack on in Asia as traders eye central bank meets
On Monday, gold prices added in Asia with the stage set this week for the latest Fed review on rates and also on the same day the BOJ expected to unveil results of a review on its easing policies.
In New York, December delivery gold futures tacked on 0.28%, hitting $1,313.85 per troy ounce. Besides this, on the Comex, December delivery silver futures acquired 0.08%, trading at $18.877 per troy ounce.
December delivery copper futures tumbled 0.14%, trading at $2.155 per pound, following revenues last week on Chinese economic data, which suggested stronger growth in the next several months from the world's top importer.
In Tokyo, financial markets are unavailable on Monday due to a holiday.
The previous week, gold prices descended to a more than two-week minimum on Friday, because a broadly stronger greenback as well as jitters ahead of next week's highly anticipated Fed policy gathering weighed.