Gold prices were flat Thursday morning, staying near this week’s multi-month highs despite renewed hopes the Federal Reserve will keep interest rates at zero this year.
With concerns about Greece seeping in, minutes from the Fed’s most recent meeting shows policy makers in no hurry to raise interest rates.
Gold for August was down $2 at $1162 an ounce, having briefly dropped below $1150 on Wednesday.
A move below $1135 would take gold to a 52-week low.
Chinese stock markets rallied today after brutal losses as authorities rushed out another raft of unorthodox measures such as banning major shareholder selling for the next six months.
The material has been provided by InstaForex Company – www.instaforex.com