Gold prices fell yesterday in light of the rise in the US dollar and the rise in Treasury bond yields, ahead of the US inflation report, which may shed some light on the path of lowering interest rates by the Federal Reserve (the US central bank). Gold fell in spot transactions by about 0.2% to $2,024.90. per ounce, and US gold futures fell 0.1% to $2,030.60 per ounce. Traders are now focusing on the consumer price inflation report in the United States scheduled for release tomorrow, Thursday, which is expected to show an increase in inflation of 0.2% in December and 3.2% on an annual basis, according to “Reuters”. An official American report revealed that consumers expect a decline in inflation, while Michelle Bowman, a member of the Federal Reserve Board of Governors, said that the US Central Bank’s monetary policy appears “sufficiently restricted.”
2024-01-10 17:12:00
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