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Gold drifts higher, traders eye US inflation print
Gold prices edged up on Wednesday as investors hunted for bargains after steep declines in the previous session, while spotlight shifted to US inflation print, which could shed more light on the Federal Reserve’s monetary policy path. Spot gold rose 0.4% at $2,608.18 per ounce by 0200 GMT, after hitting its lowest since Sept. 20 on Tuesday. US gold futures was up 0.3% at $2,614.10.“There is currently some bargain hunting going on as prices fell below the $2,600 mark. Recent sessions saw gold negatively impacted due to a stronger dollar, driven by expectations of inflationary Trump policies affecting the rate cut ... (full story)
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- Posted: Nov 13, 2024 1:20am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 331
