Gold: Caution ahead of the Fed and the ECB meetings – ANZ

The gold price struggled amid the risk-on tone in markets, strategists at ANZ Bank inform.

Key quotes

“The yellow metal held above USD1,700/oz amid expectations of more monetary easing among central banks.” 

“Investors remain cautious heading to meetings by the Fed and the ECB. The focus on these meetings will be around the longevity of quantitative easing measures, considering interest rates are already at zero.”