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 Gains on Fed Rate Cut Hopes; Copper Prices Rebound READ MORE Royal Mint Reports 7% Growth in Investor Numbers, Driven by Gold Demand READ MORE "A Move to $3000 Gold Shouldn't Surprise Anyone, What Does THAT Do To SILVER? – Tavi Costa READ MORE Stocks and Bonds Retreat as Investors Brace for Economic Indicators READ MORE Gold Prices Climb as Markets Anticipate Federal Reserve Rate Cuts READ MORE Add a Comment Cancel replyYour email address will not be published.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