Gold steadies ahead of US data as investors weigh Fed rate stance
Gold prices steadied on Wednesday as investors awaited U.S. payroll data and assessed Federal Reserve Chair Jerome Powell's cautious stance on rate cuts, although a weaker dollar helped limit losses for the greenback-priced bullion.
Spot gold was little changed at $3,341.70 per ounce, as of 0408 GMT, while U.S. gold futures were steady at$3,351.40.
The U.S. dollar index weakened to its lowest point in more than three years, making bullion more affordable for holders of other currencies.
Trump expressed optimism on Tuesday about a potential trade deal with India but was skeptical about reaching a similar agreement with Japan. He added that he was not considering an extension of the July 9 deadline for countries to negotiate trade deals.
Spot silver edged down 0.2% to $35.99 per ounce, platinum was up 0.2% to $1,353.22, while palladium gained 1.1% to $1,112.85. Reuters
Gold prices steadied on Wednesday as investors awaited U.S. payroll data and assessed Federal Reserve Chair Jerome Powell's cautious stance on rate cuts, although a weaker dollar helped limit losses for the greenback-priced bullion.
Spot gold was little changed at $3,341.70 per ounce, as of 0408 GMT, while U.S. gold futures were steady at$3,351.40.
The U.S. dollar index weakened to its lowest point in more than three years, making bullion more affordable for holders of other currencies.
Trump expressed optimism on Tuesday about a potential trade deal with India but was skeptical about reaching a similar agreement with Japan. He added that he was not considering an extension of the July 9 deadline for countries to negotiate trade deals.
Spot silver edged down 0.2% to $35.99 per ounce, platinum was up 0.2% to $1,353.22, while palladium gained 1.1% to $1,112.85. Reuters
Gold prices steadied on Wednesday as investors awaited U.S. payroll data and assessed Federal Reserve Chair Jerome Powell's cautious stance on rate cuts, although a weaker dollar helped limit losses for the greenback-priced bullion.
Spot gold was little changed at $3,341.70 per ounce, as of 0408 GMT, while U.S. gold futures were steady at$3,351.40.
The U.S. dollar index weakened to its lowest point in more than three years, making bullion more affordable for holders of other currencies.
Trump expressed optimism on Tuesday about a potential trade deal with India but was skeptical about reaching a similar agreement with Japan. He added that he was not considering an extension of the July 9 deadline for countries to negotiate trade deals.
Spot silver edged down 0.2% to $35.99 per ounce, platinum was up 0.2% to $1,353.22, while palladium gained 1.1% to $1,112.85. Reuters
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Gold steadies ahead of US data as investors weigh Fed rate stance
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