Gold steady as focus turns to US inflation data
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Gold prices held steady as the dollar eased, while investors looked forward to key U.S. inflation data that could offer clues on how soon the Federal Reserve can cut interest rates. Spot gold was flat at $2,350.85 per ounce, as of 0350 GMT, after rising about 1% in the previous session. The core personal consumption expenditures price index (PCE), the Fed's preferred inflation measure, is due on Friday. Traders' bets indicated rising scepticism that the U.S. central bank will lower rates more than once in 2024, currently pricing in about a 62% chance of a rate cut by November according to the CME FedWatch Tool.



https://www.investing.com/news/economy-news/gold-steady-as-focus-turns-to-us-inflation-data-3457987