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Gold Lower As Key Inflation Reading Looms
Gold prices are looking a little softer through the middle of the week with gold futures turning lower from last week’s highs. The safe-haven metal has been range-bound over recent months with futures prices tracking a 2,275.43 – 2,427.54 range. The main driver behind the shift in gold prices has been the changeable landscape with regard to the market’s Fed expectations. Strong expectations of forthcoming easing helped drive gold prices higher earlier in the year. A subsequent period of uncertainty saw prices settle into consolidation and, more recently, a hawkish shift in the Fed outlook has seen gold prices ... (full story)
