Key Points
(Reuters) Gold prices held above the $2,100 level on Wednesday, near a record peak hit in the previous session as hopes for U.S. rates easing by mid-year mount, while traders awaited remarks on the economys health from Federal Reserve Chair Jerome Powell...
U.S. gold futures fell 0.4% to $2,134.30...
Spot prices hit a record peak of $2141.59 per ounce overnight on Tuesday, rallying for a fifth straight session...
Golds rally is sentiment driven, which was triggered by last weeks poor U.S. economic data that gave little more clarity for a June rate cut, said Ajay Kedia, director at Kedia Commodities, Mumbai, adding, without other factors at play, such as dollars movement, or any surge in geopolitical tensions, gold could see profit taking...
Traders are weighing in risks to the U.S. economic health in a high-interest rate environment and would be tuning into Powells first day of semi-annual congressional testimony for more clarity on the same...
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Gold directionless ahead of US central bank decision
30, Jan, 24By Harshit Verma (Reuters) - Gold prices were in a tight range on Tuesday as traders awaited the U.S. central bank's decision on key policy rates and remarks from Chair Jerome Powell. Spot gold held