Metals Stocks: Gold slips ahead of Fed speakers


Gold futures prices dipped Wednesday as the dollar narrowly advanced ahead of a full roster of Federal Reserve speakers.

In addition, a reading on orders for big-ticket goods and more potential signals from a key meeting of major oil producers, which could hold implications for currency and stock trade, too, were upcoming factors.

Four Fed officials are slated to make remarks, starting with Chairwoman Janet Yellen at 10 a.m. Eastern Time.

In other economic news, an August report on durable-goods orders is anticipated at 8:30 a.m. Eastern, with economists polled by MarketWatch forecasting a decline of 1.4%.

Ahead of that report, December gold GCZ6, -0.08% fell $1.30, or 0.1%, to $1,329.20 an ounce.

>>> Original Source <<<