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Gold slips as markets assess Fed signals, await US inflation data
Gold prices fell on Thursday as investors assessed signals from the Federal Reserve and Chair Kevin Warsh after policymakers left interest rates unchanged, while awaiting key US inflation data later in the day for further clues on the rate outlook. Spot gold slid 0.7% to $4,037.98 per ounce by 0410 GMT, while US gold futures for December delivery steadied at $4,049.80. “Today’s fall is purely because of persistent Middle East uncertainty and markets positioning ahead of today’s inflation data,“said Ajay Kedia, director at Mumbai-based Kedia Commodities. The Fed held rates steady on Wednesday...
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