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Gold steadies near $4,590 as claims dip, Fed hike risk stays live

Source: kitco.com

Interest Rates & YieldsInflationEconomic DataMarket Technicals & Flows
Gold steadies near $4,590 as claims dip, Fed hike risk stays live

Spot gold and silver were little changed to slightly weaker in early U.S. trading Thursday, as a firmer rates backdrop outweighed bargain hunting following Wednesday’s pullback after the PCE data release. The post-PCE selloff appears to be partially offset, but price momentum remains constrained by higher-for-longer rate expectations.

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