Gold prices were subdued on Wednesday as investors waited for a key U.S. inflation reading due this week, which could offer more clarity on the timing of the Federal Reserve's first interest rate cut this year, according to Reuters.
Spot gold eased 0.3% to $2,312.90 per ounce by 0720 GMT. U.S. gold futures fell 0.3% to $2,324.80.
The dollar rose 0.2% against its rivals, making gold more expensive for other currency holders, while benchmark 10-year yields also edged higher. USD/US/
Gold prices were subdued on Wednesday as investors waited for a key U.S. inflation reading due this week, which could offer more clarity on the timing of the Federal Reserve's first interest rate cut this year, according to Reuters.
Spot gold eased 0.3% to $2,312.90 per ounce by 0720 GMT. U.S. gold futures fell 0.3% to $2,324.80.
The dollar rose 0.2% against its rivals, making gold more expensive for other currency holders, while benchmark 10-year yields also edged higher. USD/US/
Gold prices were subdued on Wednesday as investors waited for a key U.S. inflation reading due this week, which could offer more clarity on the timing of the Federal Reserve's first interest rate cut this year, according to Reuters.
Spot gold eased 0.3% to $2,312.90 per ounce by 0720 GMT. U.S. gold futures fell 0.3% to $2,324.80.
The dollar rose 0.2% against its rivals, making gold more expensive for other currency holders, while benchmark 10-year yields also edged higher. USD/US/
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