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Comex Gold Ends Higher: Report

Comex gold futures prices ended the U.S. day session with slight gains in very quiet, summertime trading, Kitco reports.

Some key central bank meetings and a U.S. jobs report are lurking just around the corner, and that also has the market place tentative.

December gold last traded up $2.40 at $1,625.10 an ounce. Spot gold was last quoted down $1.50 an ounce at $1,623.10.

Focus of the marketplace this week is on the two-day FOMC meeting of the U.S. Federal Reserve, which starts Tuesday and ends early Wednesday afternoon. Also, the European Central Bank's policy meeting and press conference are on Thursday.

Market watchers will be closely scrutinizing these central bank meetings for any fresh clues on the implementation of quantitative easing of monetary policies. Such would be at least initially bullish for many markets, including the precious metals.

The London P.M. gold fix is $1,617.75 versus the previous London P.M. fixing of $1,618.25.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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