Gold price advances modestly, all eyes on US PCE data
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#0bb54c1b ver:1.03

Gold prices hold steady as investors await key U.S. inflation data that could impact Federal Reserve's interest rate decisions. The dollar's easing supports gold, but rising skepticism about rate cuts in 2024 limits gains. Traders cautious ahead of PCE data and monitor U.S. economic readings. Stronger-than-expected GDP could lift the dollar and weigh on gold, while geopolitical tensions and central bank demand may provide support. Gold prices slip as dollar and Treasury yields rise, making bullion less attractive. Traders await PCE data for clues on monetary policy. Gold rises modestly on softer dollar and lower yields, with bets on Fed rate cut increasing. Geopolitical risks and conflicts in the Middle East may boost gold....

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