Gold prices were flat Tuesday, holding recent gains amid mixed signals about whether the Federal Reserve will raise soon interest rates.
Most Fed speakers have indicated a willingness to raise rates, but a few hedged their bets this week.
Fed Board Member Daniel Tarullo said he would not expect it to be appropriate to raise interest rates this year, joining Lael Brainerd among reluctant policy members.
Others such as Fed Chair Janet Yellen have said that rates should rise barring an economic lull in the next few months.
December gold gained 90 cents, or 0.1%, to settle at $1,165.40 an ounce on Comex — a 3-month closing high.
The material has been provided by InstaForex Company – www.instaforex.com