The anticipation surrounding Thursday's US GDP report and Friday's personal consumption expenditure index has redirected attention from geopolitical concerns to domestic economic indicators.
Bond yields remained near this year's high and could continue to weigh on gold.
Comments from Federal Reserve officials indicating a potential for maintaining high interest rates for a longer period reinforce expectations that the US central bank might not ease monetary policy as previously expected, undermining the appeal of non-yielding assets like gold.
#gold-prices #us-economic-data #monetary-policy-expectations #federal-reserve-officials #interest-rates
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