Key Points
(Reuters) Gold prices inched lower on Wednesday as strong U.S. economic data doused hopes for early interest rate cuts by the Federal Reserve, while investors awaited a slew of economic reports this week...
U.S. gold futures dipped 0.1% to $2,024.50...
Recent economic data out of the U.S. has called for some recalibration in dovish market rate expectations, with some pushback on the timeline for Fed rate cut weighing on golds appeal, said IG market strategist Yeap Jun Rong...
Market focus is on the U.S. flash PMI report due at 1445 GMT, fourth-quarter advance GDP estimates on Thursday, and personal consumption expenditures data on Friday...
(Reporting by Harshit Verma in Bengaluru; Editing by Rashmi Aich, Subhranshu Sahu and Varun H K). Disclaimer: This report is auto generated from the Reuters news service..
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