Commodities
Gold Prices Flat Amid Higher Interest Rate Expectations
Gold prices remained relatively steady at US$4,180.30 per troy ounce in Wednesday's trading, but are still on track for a monthly decline.
The market sentiment remains under pressure from expectations of higher interest rates, with investors awaiting US inflation data for clues on the Federal Reserve's next monetary policy moves.
Critical Metals CEO Tony Sage said that if inflation data comes in below expectations, it could support gold prices and open the way for a return to the US$4,200-US$4,300 range.