Gold Market Holds Breath: Powell Speech and Payrolls Report in Focus Gold prices experienced a slight decline in Asian trading on Tuesday, remaining within a narrow range as investors await key economic indicators and statements from Federal Reserve officials. The precious metal has been under pressure due to concerns about high U.S. interest rates, which have strengthened the dollar and Treasury yields. Traders are particularly focused on Fed Chair Jerome Powell’s upcoming speech, the release of June’s Fed meeting minutes, and Friday’s nonfarm payrolls data. Despite increased expectations for a September rate cut, gold has shown limited response, highlighting the market’s cautious approach amid economic uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Brazil Nearly Eradicates Illegal Gold Mining in Yanomami Territory READ MORE Expect Continued High Interest Rates as Fed Seeks More Progress on Inflation READ MORE India's Central Bank Makes Largest Gold Purchase in Two Years, Boosting Reserves READ MORE Gold ETFs Face $6.7bn Exodus in H1 2024, Worst First-Half Since 2013 READ MORE The Commodities Feed: China Buys More Gold in February READ MORE Add a Comment Cancel replyYour email address will not be published.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