Key Points
(Reuters) Gold prices held steady on Tuesday despite a stronger dollar and elevated Treasury yields, as investors awaited the minutes of the last U.S. Federal Reserve policy meeting for more clues on its interest rate cut timing...
Most of the U.S. markets were closed on Monday for the Presidents Day holiday...
With the U.S. on a long weekend and a lack of market-driving news, volatility levels are lower across the board, City Index senior analyst Matt Simpson said...
I doubt well glean too much from the FOMC (Federal Open Market Committee) minutes since Fed members have been highly vocal on their stance, and the meeting was ahead of last weeks inflation data.. that means gold might continue to be a technically-driven market over the near-term...
Despite remarkable progress on U.S. inflation, Fed Bank of San Francisco President Mary Daly said there is more work to do to ensure stable prices..
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