Gold prices moved little on Wednesday, hovering near three-month lows as anticipation of an address by Federal Reserve Chair Jerome Powell, as well as a reading on the central bank's preferred inflation gauge kept traders on edge.
Copper prices, meanwhile, fell further as data from China pointed to worsening economic conditions in the world's largest copper importer.
Spot gold was flat at $1,915.24 an ounce, while gold futures steadied at $1,924.10 an ounce by 00:56 ET (04:56 GMT).
Gold appeal limited as risk appetite improves ahead of Powell speech
Bullion's appeal as a safe haven asset was also dented amid some improvement in risk appetite, following positive economic indicators from the U.S., which showed some resilience in capital goods and the housing market.
This weighed on the yellow metal ahead of an address by Powell at a European Central Bank forum later on Wednesday, with the Fed chair widely expected to offer more cues on monetary policy.
Source : Investing.com
