Gold Steady as Market Awaits Inflation Data Ahead of Fed Meeting

Bullion traded a little above $2,500 an ounce after climbing 0.4% in the previous session. Traders await US consumer price index and producer price index figures due Wednesday and Thursday, respectively, which could play into the Federal Reserve’s thinking on a widely expected interest rate cut.

Gold has surged more than 20% this year, boosted by robust purchasing by central banks as well as expectations of Fed rate cuts. The precious metal has also been supported by haven demand amid ongoing conflicts in the Middle East and Ukraine.Spot gold edged 0.2% lower at $2,501.39 an ounce by 9:20 a.m. in London. The Bloomberg Dollar Spot Index was also broadly steady, while the US 10-year Treasury yield rose. Palladium, platinum gained and silver held steady.

DIDWW expands SIP Trunking to China and Hong Kong, delivering reliable local call termination in over 50 countries Gene Editing Therapeutics Market Forecast 2024-2029: A $1 Billion Market by 2029, with a Forecasted CAGR of 147%

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Gold retreats as US yields firm; market awaits further Fed guidanceThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »

Gold edges down on stronger dollar, market awaits US inflation dataGold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Gold SWOT: If gold is poised to move, gold stocks may finally be back in playThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »