Gold prices edged higher on Monday, helped by a retreat in the dollar and bond yields, while investors awaited a slew of U.S. economic data this week for more clues on interest rate outlook. Gold has started the new week on a strong note as the FX market largely remains range-bound in part due to […]
It’s a data-packed week Read More »
Last week gold witnessed a series of whipsaws as traders are being dependent on US data releases. Gold swung into action in the range of 1900-1950 $. Gold was little changed on Monday as investors awaited U.S. inflation data that could influence the Federal Reserve’s policy stance, The Labor Department’s employment report on Friday showed
All eyes on important US data Read More »
The week opened on a slightly negative band for gold as prices fell on Monday, sticking to a tight trading range seen over the past three weeks as markets turned cautious ahead of upcoming U.S. consumer inflation data and a Federal Reserve meeting. Last week gold was supported by soft labor data. This pushed gold
Some turbulence is expected soon Read More »