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MARKET WRAPS Watch For: EU GDP, employment; Germany industrial production index, Ifo economic forecast; France foreign trade, balance of payments, job creation; U.K. Halifax house price...
Gold clawed higher on Wednesday on a weaker dollar and bond yields, recovering some ground after retreating below the key $1,900 level in the last session following robust U.S. economic data. ... -Today at 06:21 am- MarketScreener
"The broader economic situation looks better than it did three months ago and inflation seems to be coming down the way the Fed wants, and in such a situation there is less need for safe-havens like gold," said Everett Millman, chief market analyst at Gainesville Coins.
Gold prices have weakened in the face of a strong US dollar, with investor sentiment shifting away from the precious metal.
Gold futures were adding to their losses on Monday following their worst weekly pullback in nearly two months as U.S. dollar strength continued to sap the...