Gold yesterday settled down by -0.8% at 59503 as investors looked ahead to key central bank meetings in the U.S., Europe and Japan next week. Traders remained reluctant to make significant moves ahead of next week’s Federal Reserve meeting. As the inflation situation improves, the Fed is widely expected to pause its recent series of
Gold yesterday settled down by -0.18% at 59353 as the held near two-month highs above 104 lifted by growing expectations that US interest rates could stay elevated for longer than previously anticipated. The most recent PCE inflation data exceeded market expectations, leading to speculations that the Federal Reserve will maintain its hawkish stance and keep
yesterday settled down by -0.67% at 59460 in the wake of better U.S. economic data that falls into the camp of the U.S. monetary policy hawks. A surging and rising U.S. Treasury yields are also bearish outside market elements working against the precious metals. The second estimate of first-quarter U.S. GDP came in better than
