Commodities
Gold Prices Stable Ahead of Key US Inflation Data
Gold prices were stable in early Asian trade on Wednesday as investors waited for key US inflation data to gauge the Federal Reserve's interest-rate path.
The spot gold price remained almost flat at $4,654.17 per ounce, while US gold futures rose 0.4% to $4,711.40.
Traders are pricing in a 60.4% chance that the Fed will leave rates unchanged next month, according to the CME FedWatch Tool.
The global economy has weathered the Iran war energy shock better than feared, but International Monetary Fund Managing Director Kristalina Georgieva raised concerns about deteriorating fiscal conditions in some countries.