U.S. consumer price data due at 1230 GMT U.S. job openings hit record high in March (Updates prices)
May 12 (Reuters) - Gold prices fell on Wednesday, weighed down by higher U.S. Treasury yields and a slight rebound in the dollar ahead of the much-awaited U.S. consumer price data due later in the day.
Spot gold was down 0.4% at $1,829.94 per ounce by 0510 GMT. U.S. gold futures eased 0.3% to $1,830.30.
“The dollar has strengthened a little bit . if the inflation rate is higher than expected, it could encourage central banks to consider tightening their monetary policies faster than expected,” said Margaret Yang, a strategist at DailyFX.
U.S. consumer price data due at 1230 GMT U.S. job openings hit record high in March (Adds comment, updates prices)
May 12 (Reuters) - Gold prices slipped on Wednesday, weighed down by higher U.S. Treasury yields and a slight rebound in the dollar ahead of the much-awaited U.S. consumer price data due later in the day.
Spot gold was down 0.3% at $1,832.05 per ounce by 0646 GMT. U.S. gold futures eased 0.1% to $1,833.60.
“The dollar has strengthened a little bit . if the inflation rate is higher than expected, it could encourage central banks to consider tightening their monetary policies faster than expected,” said Margaret Yang, a strategist at DailyFX.
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