Gold braces for turbulence as central banks hold meets

GOLD PRICES ARE likely to witness some consolidation in the domestic markets next week as investors brace fora series of key central bank meetings and global trade developments, analysts said.

- PRESS TRUST OF INDIA

Investors will keenly follow the US Federal Reserve’s (Fed) policy outcome and remarks from Fed Chair Jerome Powell for cues on the interest rate decision.

The US President Donald Trump and his Chinese counterpart Xi Jinping’s meeting in South Korea,and the European Central Bank's policy reviewon Thursday are also expected to steer the trajectory of precious metal prices, they added.