Gold price Still Hovering Near USD1180 To Start Fed Week

Washington (Jun 15)  Gold prices were little changed Monday morning, stuck in a stubborn trading range that has seen the precious metal barely budge for weeks.

Traders are wary of making any big moves ahead of the Federal Reserve's interest rate announcement Wednesday.

Policy makers are unlikely to raise rates, but may signal that tightening is in the cards for July or September.

Gold for August was up  2 dollars  at  USD1181  an ounce.

Prices were given a modest boost by gold's sage haven appeal. Concerns that  Greece  will default were renewed when talks between  Athens  and its creditors broke down this weekend.

Source: RTTNews