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Gold Steady As Fed's Evans Downplays Rate Hike

Gold futures were little changed Wednesday morning after a Federal Reserve official raised doubts about December rate hike.

Chicago Fed President Charles Evans told the Wall Street Journal that a rate hike may not be warranted after all due to sluggish inflation. He said the central bank should have an "honest discussion" about getting back to 2% inflation.

Gold was down $1 at $1292 an ounce.

Stock futures were slightly lower this morning amid concerns that the recent run to record highs for U.S. equities was overdone.

by RTTNews Staff Writer

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