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Gold Holds Steady as Treasury Yields Offset Weak Dollar Ahead of Crucial U.S. Inflation Data
Gold prices remained largely unchanged on Friday, with stronger U.S. Treasury yields countering the support typically provided by a softer dollar, while market participants looked ahead to key inflation data that could shape expectations for the Federal Reserve’s next policy moves. As of 0524 GMT, spot gold was steady at $4,215.92 per ounce, positioning the metal for a 0.3% weekly decline. U.S. gold futures for December delivery inched 0.1% higher to $4,245.70 per ounce.
17 hours ago2 min read
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