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 US Debt and the Rising Specter of Bond Vigilantes: A Financial Stability Threat? READ MORE Remote Work Could Cost Boston $1 Billion in Taxes READ MORE Fed's Bostic Signals Potential September Rate Cut READ MORE ZeroHedge: IEA, OPEC Divergence On Oil Demand Becomes Too Big To Ignore READ MORE Fed's Favored Inflation Measure May Show Softer Rise Than CPI Suggests READ MORE Add a Comment Cancel replyYour email address will not be published.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