(RTTNews) - The price of gold was little changed Wednesday morning as traders await cues from a key central bankers' meeting at the weekend.
Gold for December delivery, the most actively traded contract, eased $2.30 to $1,667.40 an ounce. Yesterday, gold ended lower for the first time in four sessions on profit taking as the yellow metal advanced to a 4-month high.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, moved up to 1,289.52 tons from 1,286.50 tons.
Meanwhile, the U.S. dollar was lingering near a two-month low versus the euro and the Swiss franc, while ticking higher against sterling and the yen.
The prices of silver and platinum were moving lower in morning deals.
From the U.S., the Commerce Department will release its preliminary estimate of second quarter GDP at 8:30 am ET. Economists expect GDP growth to be upwardly revised to 1.6 percent from the 1.5 percent growth estimated initially.
Later during the session, the National Association of Realtors will come out with its data on Pending Home Sales, which is a leading indicator of housing market activity. The index is expected to have remained unchanged in Jul following 1.4 percent drop in the previous month.
