Key Points
(Reuters) Gold prices slipped on Friday and were on track for their worst week in six, as the dollar and bond yields firmed after U.S. central bankers pushed back against expectations of early interest rate cuts...
Spot gold edged down 0.1% to $2,020.79 per ounce by 0535 GMT, and has fallen 1.4% so far in the week...
Bullion was pressured as traders adjusted their rate-cut expectations following better than expected data and hawkish Fed speakers, said Hugo Pascal, a precious metals trader at InProved...
Atlanta Federal Reserve President Raphael Bostic said he was open to lower rates sooner than anticipated depending on how quickly inflation falls, but the baseline was for cuts to start in the third quarter...
Markets are betting on 139 basis points (bps) of Fed rate cuts this year, down from 150 bps a week earlier, according to LSEGs interest rate probability app IRPR...
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