Gold prices remained lower Wednesday morning, having recently suffered their worst losing streak in two decades.
A stronger dollar and expectations of a Federal Reserve rate hike have dented demand for the precious metal.
U.S. gold for August was down 1 dollar at $1096 an ounce, not far from last week’s 5-year low of $1074.
This afternoon, the Fed is expected to keep rates at zero but lay the groundwork for a rate hike by year’s end.
The National Association of Realtors is due to release its pending home sales index for June. Economists expect the index to rise 1 percent month-over-month following a 0.9 percent increase in May.
The material has been provided by InstaForex Company – www.instaforex.com