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Gold prices held steady on Thursday as pressure from a stronger dollar and elevated US Treasury yields was offset by softer-than-expected US inflation data.
By Noel JohnGold prices held largely steady on Thursday as pressure from a stronger dollar and elevated US Treasury yields was offset by softer-than-expected US inflation data that reduced bets on a Federal Reserve rate hike in October.Spot gold TVC:GOLD inched 0.1% higher to $4,159.11 per ounce by…
Gold held a modest gain as US bond yields softened and Federal Reserve officials signaled they needed more time to weigh their next move on interest rates, even as a possible escalation in the Middle East kept energy costs elevated.