Gold prices remained stable as higher U.S. Treasury yields countered a weaker dollar. Investors are keenly awaiting U.S. inflation data, specifically the PCE Index, for insights into the Federal Reserve’s upcoming policy decisions. This crucial economic indicator will guide market sentiment ahead of the Fed’s meeting next week, with expectations of a potential interest rate cut.
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Gold steady as rising yields offset dollar weakness; PCE data eyed
Gold prices remained stable as higher U.S. Treasury yields countered a weaker dollar. Investors are keenly awaiting U.S. inflation data, specifically the PCE Index, for insights into the Federal Reserve’s upcoming policy decisions. This crucial economic indicator will guide market sentiment ahead of the Fed’s meeting next week, with expectations of a potential interest rate cut.
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