Gold prices firmed on Thursday as a
fresh set of soft U.S. economic data added to expectations that
the Federal Reserve will pause rake hikes this year, although a
surge in Treasury yields and dollar.
Gold prices hovered near two-week
highs on Thursday, lifted by a retreat in the U.S. dollar and
Treasury yields as investors waited to see what interest rate
signals the U.S. Federal Reserve could. -Yesterday at 09:43 pm- MarketScreener
Gold prices touched five-month lows
on Thursday, as the U.S. dollar and Treasury yields gained
momentum after recent upbeat economic data added weight to
expectations the Federal Reserve would carry. -Yesterday at 09:51 pm- MarketScreener
Gold prices hovered near one-month
lows on Thursday, as investors braced for the make-or-break U.S.
inflation data that would shape the Federal Reserve s upcoming
interest rate decisions. .
The Fed raised interest rates by a quarter-of-a-percentage point on Wednesday, setting the benchmark overnight interest rate in the 5.25%-5.50% range, and highlighting that another 25 bps hike could be possibly at the September meeting based on a wide range of data.