Gold sitting still ahead of data deluge

Gold-Bullion

WASHINGTON (Alliance News) – Gold prices were flat Wednesday morning as traders geared up for a flurry of US economic news that may shed light on whether the Federal Reserve raises interest rates in December.

Gold was unchanged at USD1077 an ounce, holding near its lowest in almost six years.

The Commerce Department is scheduled to release its durable goods orders report for October at 8:30 am ET.

The Labor Department is due to release its jobless claims report for the week ended November 21st, and the Commerce Department is scheduled to release its personal income and spending report for October.

The Commerce Department will also release its new home sales report for October at 10 am ET

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