Gold Inches Upward as Market Awaits Fed Signals Gold prices saw a slight uptick on Wednesday, supported by a weaker U.S. dollar and Treasury yields, as traders awaited additional economic data to gauge the Federal Reserve’s stance on monetary policy. Spot gold rose by 0.1% to $2,330.70 per ounce, following a 1% decline in the previous session, while U.S. gold futures also increased by 0.1% to $2,350.30. With the dollar rebounding from a near two-month low and Treasury yields remaining subdued, gold appears more appealing to investors. Market focus is on key data releases, including the ISM services report and ADP employment report scheduled for Wednesday, followed by non-farm payrolls data on Friday, to assess the state of the U.S. economy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts First Fed Rate Cut Expected by Economists in June READ MORE Commerzbank Predicts Silver to Reach $30 by End of 2024 Amid Rising Industrial Demand READ MORE Global Air Travel in Turmoil as CrowdStrike Outage Continues READ MORE BullionStar Perspectives – Lawrence Lepard – Fiat Endgame – Reinforces need for Sound Money READ MORE Gold Breaks Election Year Norms Amid Heightened Global Tensions READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment