Gold prices steady around $2,300 with Fed rate decision, CPI on tap
Investing.com-- Gold prices moved little in Asian trade on Wednesday, hovering around a key support level as traders hunkered down before more definitive cues on U.S. rates from a Federal Reserve meeting and inflation data.
But any signals on future rate decisions will be closely watched, especially amid rampant speculation over a potential cut in September. But traders were also wary of a potentially hawkish stance from the Fed, in the wake of sticky inflation and a strong labor market.data is also due on Wednesday, and is expected to show inflation remained sticky in May. Such a trend gives the Fed more impetus to keep rates high for longer.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reggie Sanders became 5th player in MLB history with 300 HRs and 300 SBsThis Date in Baseball, June 10 - Reggie Sanders became 5th player in MLB history with 300 HRs and 300 SBs
Read more »
Gold prices weak as rate fears mount ahead of Fed, CPI dataGold prices weak as rate fears mount ahead of Fed, CPI data
Read more »
Gold Forecast: XAU/USD keeps sight on $2,277 and high-impact US CPI, FedGold price is consolidating the two-day upswing while defending the $2,300 level early Wednesday.
Read more »
Gold jumps as US CPI inflation fuels Fed rate cutsThe gold price (XAU/USD) gains traction amid the weaker US Dollar (USD) on Thursday.
Read more »
Dow Jones Industrial Average climbs 300 points after US CPI inflation eases furtherThe Dow Jones Industrial Average (DJIA) clipped higher on Wednesday, gaining three-quarters of a percent during the US market session after US Consumer Price Index (CPI) inflation slipped further back.
Read more »
Dow drops 300 points as Fed policy meeting kicks off: Live updatesThe moves come after a muted but important day on the Street.
Read more »