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Gold dips as US dollar ticks up; all eyes on inflation data

From brecorder.com

Gold prices edged lower on Friday as the dollar firmed to a near one-month high, while investors awaited a key inflation report due later in the day for more cues on US monetary policy trajectory. Spot gold dipped 0.1% to $4,995.91 per ounce by 0149 GMT. US gold futures for April delivery were up 0.3% at $5,013.60. The dollar was poised to cap its strongest weekly performance since October, buoyed by a run of better-than-expected economic data, a more hawkish Federal Reserve outlook and as tensions between the US and Iran kept markets on edge. Mainland Chinese, Hong Kong, Singapore and Taiwan markets were closed for ... (full story)

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  • Category: Fundamental Analysis