Gold retreats as US yields firm; market awaits further Fed guidance

Aug 27 - Gold prices fell on Tuesday, weighed down by higher U.S. bond yields, as markets await inflation data that could shed light on the scale of an expected interest rate cut from the Federal Reserve next month.

The benchmark U.S. 10-year yields rose, making the non-yielding bullion less attractive for overseas buyers. Traders see a 65.5% chance of a 25-basis-point rate cut in September and about a 34.5% probability of a bigger 50-bp reduction, according to the CME FedWatch tool.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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.
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »