Key Points
(Reuters) Gold prices ticked up on Wednesday as traders strapped in for key economic data and comments from U.S. central bank officials on the timeline of interest rate cuts...
U.S. gold futures was steady at $2,043.90 per ounce...
Market focus is on the Federal Reserves preferred gauge of inflation the core personal consumption expenditures (PCE) price index due on Thursday...
Signs of a weaker economy would be expected to support gold as they imply greater pressure on central banks to cut interest rates, Frank Watson, market analyst at Kinesis Money, said in a note...
Citi Research in a note said it considers any resultant price rallies as opportunities for producers to build up hedging positions and for speculators to open fresh short positions, as palladiums long-term demand outlook remains very negative.. Silver was flat at $22.43...
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