Gold Prices Dip in Early Asian Trading Amid Position Adjustments
Deep News
Yesterday
Gold prices declined during the early Asian trading session, influenced by potential position adjustments. Spot gold fell by 0.3% to $5,025.48 per ounce. However, Friday's weaker-than-expected U.S. CPI data may help curb further losses. A research team from Sucden Financial noted in commentary that the data has reinforced market expectations for a more aggressive interest rate cutting cycle by the Federal Reserve. The team added, "Markets are now anticipating more than two rate cuts from the Fed in 2026, with the first cut expected between June and July." Increased expectations for Fed rate cuts typically enhance the appeal of the non-yielding precious metal.
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