Key Points
(Reuters) -Gold prices fell on Thursday, hit by a firmer U.S. dollar and elevated Treasury yields, while traders awaited more U.S. economic data that could steer hopes for a mid-year rate cut by the Federal Reserve...
U.S. gold futures dipped 0.4% to $2,172.00...
Investors await U.S. retail sales data, the producer prices index (PPI) report and jobless claims due later in the day to gauge the U.S. economys health and if it will deter the Fed from cutting rates in June...
There was a mini pullback in gold prices after U.S. CPI data release, but it doesnt change the markets view by much on U.S. monetary policy, said Kelvin Wong, a senior market analyst for Asia Pacific at OANDA...
Other catalysts that could move gold prices could be further bad news on Chinas housing market and its local government funding mechanism, and trends in consumer demand, said Nicholas Frappell, global head of institutional markets at ABC Refinery...
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