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Gold flat lines below $5,200; traders look to US PPI for fresh impetus
Published 1 month, 2 weeks ago
Description
Gold consolidates in a narrow range below the $5,200 mark during the Asian session.
Geopolitical risks and trade uncertainties continue to act as a tailwind for the XAU/USD.
Reduced Fed rate cut bets offer support to the USD and cap the non-yielding commodity.
Geopolitical risks and trade uncertainties continue to act as a tailwind for the XAU/USD.
Reduced Fed rate cut bets offer support to the USD and cap the non-yielding commodity.