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Iron ore rebounds after China s latest move to spur property sector | Hellenic Shipping News Worldwide

Iron ore rebounds after China s latest move to spur property sector | Hellenic Shipping News Worldwide
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Weekly Current Affairs Questions and Answers: 26 May to 02 June 2024

Weekly Current Affairs Questions and Answers: 26 May to 02 June 2024
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Gold subdued as US dollar, yields firm; traders await inflation data

Gold prices edged lower on Wednesday as the U.S. dollar and Treasury yields held firm ahead of key inflation data, which could offer more clarity on the Federal Reserve s interest rate trajectory. .

Gold slips as dollar stands firm

Metal is subdued in the face of a strong dollar and as traders await key US inflation data

Gold Subdued as US Dollar, Yields Firm; Traders Await Inflation Data

Gold prices edged lower on Wednesday as the US dollar and Treasury yields held firm ahead of key inflation data, which could offer more clarity on the Federal Reserve's interest rate trajectory. Spot gold eased 0.2% to $2,354.76 per ounce by 0711 GMT. Prices had hit an all-time high of $2,449.89 on May 20, said Reuters. US gold futures fell 0.1% to $2,355.10. The dollar held steady against its rivals, making gold less attractive for other currency holders, while benchmark US 10-year bond yields rose to multi-week peaks.

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