Gold prices were flat Tuesday morning, poised to finish 2015 near their lowest level since 2009.
Anticipation of December’s rate hike by the Federal Reserve drove gold prices sharply lower in the fourth quarter.
However, with the Fed hinting that subsequent tightening will be extremely gradual, gold has steadied since the December 16 meeting.
US gold for February was up 1 dollar at $1071 an ounce this morning.
The Conference Board is due to release the results of its consumer confidence index for December at 10 am ET.
The material has been provided by InstaForex Company – www.instaforex.com