Key Points
(Reuters) Gold prices were subdued on Tuesday as a slightly firmer dollar countered support from falling Treasury yields while investors await U.S. economic data that could provide further indications on the outlook for US interest rates...
The market got a little bit too excited after the FOMC meeting, betting on big rate cuts next year, but several members are not yet ready and still regard that the risk of inflation has not yet been overcome completely, said Quantitative Commodity Research analyst Peter Fertig...
Federal Reserve Chair Jerome Powell last week sais that the US central banks monetary policy tightening is likely to be over, with discussion on cuts to borrowing costs moving into view...
Investors are awaiting a slew of U.S. economic data this week, including the November core personal consumption expenditure (PCE) index report, the Feds preferred measure of underlying inflation, on Friday...
Elsewhere, the Bank of Japan maintained ultra-loose monetary settings as expected, underscoring policymakers preference to await more clues on whether wages will rise enough to keep inflation around its 2% target...
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