Gold Prices Steady After New Year’s Losses, Inflation Data Awaited
Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
Investing.com– Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
The yellow metal fell sharply below the $2,050 an ounce level over the past week, tracking a rebound in the as strong labor market data brewed uncertainty over just how much impetus the Fed has to begin loosening policy early.
But gold prices saw some relief this week as the dollar fell from three-week highs, amid some profit-taking. Still, the yellow metal remained well below highs hit in December.
Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year as markets reassessed expectations for early interest rate cuts by the Federal Reserve before key U.S. inflation data due this week.
Traders remained heavily biased towards the dollar ahead of key data due this Thursday. The reading is expected to show a mild pick-up in inflation in December which, coupled with the strong reading, gives the Fed more headroom to keep rates higher for longer.
