Gold prices traded near record-high levels on Thursday, as U.S. yields and the dollar dipped after the U.S. Federal Reserve hinted it may pause its rate-hike cycle.
Gold ticked up on Tuesday on concerns surrounding the U.S. banking crisis and debt ceiling negotiations, while traders also braced for clues on the path of interest rates from the U.S. Federal Reserve's policy meeting.
Gold prices edged lower on Monday as the dollar rose after better-than-expected U.S. manufacturing data, while markets await the Federal Reserve's interest rate hike decision this week.
China's manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-COVID lift-off amid subdued global demand and persistent property weakness.