Gold Dips as Market Awaits Federal Reserve Clues from Inflation Data Gold prices fell on Wednesday as U.S. Treasury yields increased and investors awaited a key inflation report expected to influence the Federal Reserve’s policy decisions. Spot gold dropped 0.82% to $2,341.53 per ounce, while U.S. gold futures fell 0.6% to $2,342.30. Rising Treasury yields and a stronger dollar have made gold less appealing. The market’s reduced expectations for Fed rate cuts have also impacted gold prices. The upcoming U.S. core personal consumption expenditures (PCE) data could further affect gold if it signals prolonged higher interest rates. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold vs. Silver [The 5 Differences That Matter Most to Investors] READ MORE Dominant Dollar Faces Challenges in the Oil Markets READ MORE Fed Minutes: Patience Prevails as Officials Await Clearer Inflation Trend READ MORE ING: Gold’s Hot Run Continues READ MORE Oil Prices Fall as Global Demand Concerns Eclipse Supply Fears READ MORE Add a Comment Cancel replyYour email address will not be published.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