Gold hits over 5-month peak, investors await Fed rate view www.tradelinecommodity.com India's No.1mcx Tips Provider Missed Call @:/8057046270/8057690837
Holdings in SPDR Gold Trust rose over 1 pct on Tuesday * may test resistance at $1,253/oz - technicals By K. Sathya Narayanan BENGALURU, Dec 19 Gold prices climbed to a more than five-month peak on Wednesday as a softer dollar supported the bullion while investors awaited cues on the rate hike trajectory of the U.S. central bank from its two-day policy meeting.spot gold XAU= was up 0.1 percent at $1,250.56 per ounce, as of 0823 GMT, after hitting its highest since July 11 at $1,251.35 earlier in the session.U.S.GCv1 gained 0 .1 percent to $1,254.40 per ounce."The market is largely in a holding pattern as everyone is focusing on the FOMC (Federal Open Market Committee) meeting... We see prices largely range-bound," said Benjamin Lu, a commodities analyst with Phillip Futures in Singapore. "The market has priced in the fourth hike but what remains important is the foreguidance for 2019." The Federal Reserve is widely expected to raise interest rates for the fo