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Gold has been trading in a narrow range with investors looking forward to the upcoming CPI numbers.
Gold has been trading in a narrow range with investors looking forward to the upcoming CPI numbers.
Markets traded dull and ended marginally lower, taking a pause after the recent bounce.
Gold prices have trended lower since yesterday when the FED Governor indicated that additional interest rate hikes are still needed to tame inflation.
Markets started the week on a firm note and gained nearly half a percent, in continuation to Friday’s rebound.
Gold prices have receded today as the U.S. dollar and Treasury yields gained after traders digested Friday's jobs report, with attention turning to U.S. inflation data later this week.
Markets traded under pressure and lost over half a percent, in continuation to the prevailing corrective phase.
Markets witnessed respite after the recent fall and gained over half a percent.
Gold has steadied above $1,930 an ounce but was still set to end the week lower, pressured by a strong dollar and rising Treasury yields amid a series of solid US economic data this week.
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