Key Points
(Reuters) Gold prices hit two-week highs on Thursday, as the U.S. dollar and Treasury yields stumbled on the Federal Reserves cautious approach on interest rates, while investors awaited a key inflation report for more clarity on future policy path...
The dollar index and U.S. Treasury yields were rooted near two-week lows, making non-interest-paying gold more attractive...
Minutes of the Feds September meeting showed growing uncertainty around the path of the U.S. economy pushed policymakers into a newly cautious stance last month, a position reaffirmed by top Fed officials in a series of statements this week...
We are almost at the end of interest rates hikes and there could probably be a last one of 25 basis points, which would not have a significant impact on the market because this is largely expected, said Brian Lan, managing director at Singapore dealer GoldSilver Central...
The consumer price index data, which is expected to show inflation moderated last month, is due later in the day and comes after data on Wednesday showed U.S. producer prices increased more than expected in September, but underlying inflation pressures at the factory gate continued to abate...
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