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Gold prices remained near a four-month low due to comments made by Federal Reserve Chair Jerome Powell, who suggested more interest rate hikes were likely to combat inflation. The dollar index held steady, and investors now see an 81% chance of a rate hike in July. High interest rates discourage investing in gold, which has no yield. Market participants are eagerly awaiting economic data including jobless claims, GDP numbers, and personal consumption expenditures data. In other metals, silver, platinum, and palladium saw slight gains.

Spot gold trading on Thursday saw prices dip through $1900 for the first time since the eve of SVB's failure in mid-March after new US data confirmed the No.1 economy's 'resilience' ahead of key inflation figures

The Fed paused on interest rate hikes last week.

The number os wrong. >> you know, pce, you mentioned in a piece i read that there were these you me above, as if the media was just roving, looking for any signs of violence. what did they find instead? in>>y i mean, find instead? you know, i lived in l.a. during the summer of 2020, and the riots there were not as peaceful. this this was just a beautiful, prayerful event. people were on their knees i pe, the hot sun, praying the rosary, praying the litany of the sacred heary t. as i mean, there was, you know, not a peep was heard, no hecklers. it was really about love and really about, you kno...

It is getting harder and harder to justify not raising rates at the next meeting of the Federal Open Market Committee.