Gold prices steadied Friday morning after falling to 6-year lows in the previous session, hurt by the Federal Reserve’s decision to raise interest rates for the first time in a decade.
Gold for February was up 5 dollars at $1055 an ounce as trader made some final bets before the holiday lull.
In a surprise move overnight, the Bank of Japan kept its monetary base target unchanged but unveiled a new program to buy exchange-traded funds to encourage capital investment.
Markit is set to release its flash estimate of its U.S. service sector PMI for December at 9:45 am ET. Economists expect the index to edge down to 56.1 from 56.5 in November.
The material has been provided by InstaForex Company – www.instaforex.com