Gold Steadies Near $4,400 as Traders Weigh Fed Rate-Hike Path
Gold steadied, as traders awaited US inflation data due later this week for clues to whether the Federal Reserve will hike interest rates.
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Gold steadied, as traders awaited US inflation data due later this week for clues to whether the Federal Reserve will hike interest rates.
Gold held a three-day decline, as fresh attacks on ships in the Middle East added to inflationary risks and raised prospects for a US interest-rate hike.
Gold was steady near $4,400 an ounce, as traders weighed the competing effects of Middle East tensions and the US dollarโs decline against the yen.
Gold held a decline, after stronger-than-expected US payrolls data raised the prospects for an interest-rate hike as early as next week.
Gold held a gain as US President Donald Trump appeared to rule out prolonged military action in the Middle East, easing inflationary concerns driven by a renewed spike in energy prices.