Gold Slips as Investors Await US Economic Data

Published on Jun 25, 2024 14:16

Gold futures edged lower in Asian electronic trades today, trading in a tight range as investors keep a close eye on upcoming US economic reports. Everyone`s waiting for the core PCE index, the Fed�s go-to inflation gauge, along with consumer spending and income figures, the third estimate for Q1 GDP growth, and the goods trade balance. The market is also keen to hear from Fed Governors Lisa Cook and Michelle Bowman later this week. On the international front, bullion futures are down $6, settling at $2338.3 an ounce. Meanwhile, domestic bullion futures for August delivery slipped by Rs 150, trading at Rs 71641 per 10 grams. The anticipation is palpable as traders brace for more clarity on the Fed`s interest rate plans.