Gold prices were flat on Wednesday,
after falling the most in a month in the previous session, as
sticky U.S. inflation raised concerns an interest rate cut by
the Federal Reserve may be delayed. -March 13, 2024 at 01:03 am EDT
- MarketScreener
International Business News: Gold steadied after biggest drop in a month due to sticky US inflation. Michael Langford expects a healthy correction of up to 10% in gold prices. US
Gold prices steadied on Wednesday, after posting their biggest drop in a month in the previous session, as sticky US inflation raised concerns that the Federal Reserve might delay going for an interest rate cut beyond June. Spot gold edged 0.1% up to $2,158.70 per ounce, as of 0759 GMT. US gold futures fell 0.1% to $2,164.80. Gold's latest price drop comes as everything falls back to the inflation data, that feeds through into US Fed's decision making, said Michael Langford, chief investment officer at Scorpion Minerals Ltd.
Gold flat malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.
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