Gold holds advance before US data that may shape Fed rate move
10/12/2024 6:21
Gold steadied after an advance as traders shifted focus to key US inflation reports due this week that may shape expectations ahead of the Federal Reserve’s final interest-rate decision of the year.
Bullion held near $2,660 an ounce — near the highest in two weeks — after China’s central bank added the precious metal to its reserves for the first time in seven months. Geopolitical concerns also fanned haven demand on fears of a power vacuum in Syria after Bashar Al-Assad was toppled from power over the weekend.
Source: Bloomberg
3287.99
1275.09