Gold edged lower as geopolitical tensions eased in the Middle East, paring haven demand, and traders looked ahead to US data that will shed light on the outlook for monetary policy. Bullion traded just below $2,377 an ounce after a five-week rally, ...
Beyond the Middle East, traders are focusing on US economic data. On Friday, the personal consumption expenditures price index is projected to show the annual rate rose to 2.6 per cent last month, from 2.5 per cent in February. Spot gold slipped 0.6 per cent to $2,376.90 an ounce at 10:02 a.m. in Singapore, while the Bloomberg Dollar Spot Index was little changed lower and 10-year Treasury yields advanced. Silver fell more than 1 per cent after a four-week surge. Palladium ...