Gold closes slightly higher ahead of key data
Gold prices edged up on Wednesday, as the US dollar steadied against most of its peers, and ahead of the key economic data.
The US 10-year Treasury yield fell today below 1.5% for the first time since May 7.
Markets await US inflation data tomorrow, which would set estimates correctly for policy tightening by the Fed in the next few years, amid forecasts for the US consumer price index by 0.4%.
The weekly jobless claims will also be released, which is considered a preliminary gauge of the labor market.
The dollar index rose against a basket of currencies by less than 0.1% to 90.1 points as of 18:19 GMT, after it hit a high of 90.1 points and a low of 89.8 points.
Gold August futures rose less than 0.1 or $1.1, and closed at $1,895.5 an ounce.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1929
|
0.0027
|
0.2239%
|
|
|
|
|
1.3916
|
0.0022
|
0.1612%
|
|
|
|
Tadawul
|
10919.68
|
6.62
|
0.06%
|
|
|
|
|
25.959
|
-0.029
|
0.114%
|
|
|
|
|
73.281
|
1.455
|
2.026%
|
|
|
|
|
75.56
|
0.32
|
0.43%
|
|
|
|
|
1775.785
|
-2.605
|
0.146%
|
|
