Gold Prices Steady as Traders Await US Inflation Data and Fed Comments
===============
#902c012e ver:0.35
Gold prices are treading water below the $2,050 level as the U.S. Bureau of Economic Analysis (BEA) reports that the economy expanded by 3.2% in the fourth quarter of 2023, slightly lower than the expected 3.3%. Despite the weaker-than-expected GDP data, the gold market remains constrained below $2,050 an ounce. Personal consumption rose 3.0% in Q4, driving the U.S. economy. The core Personal Consumption Expenditures Price Index also rose to 2.1% in Q4, up from the initial estimate of 2.0%. Some market analysts have expressed concerns about a potential recession despite the relatively healthy state of the U.S. economy.
Gold prices slid against a stronger dollar, remaining within the trading range of the past few weeks. Investors are cautious about the direction of monetary policy and th...
#newstr #Gold #UsInflation #FederalReserve