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 Goldman Sachs Cautiously Optimistic About Stock Market Rally Despite Emerging Risks READ MORE Surprise CPI Drop Propels Gold Prices Towards All-Time Highs READ MORE NYCB Sheds Mortgage Servicing Arm in $1.4B Deal with Mr. Cooper READ MORE U.S., Japan, and South Korea Unite to Stabilize Dollar READ MORE A Pivotal Week for Stock Markets: Earnings, Fed Decisions, and Job Reports READ MORE Add a Comment Cancel replyYour email address will not be published.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