Gold flat as dollar, yields firm; investors seek more US data
June 26 (Reuters) -Gold prices were flat on Wednesday as the dollar and Treasury yields held firm ahead of a key inflation reading due later this week, which could provide more clarity on the Federal Reserve's interest rate path.
FUNDAMENTALS
* Spot gold XAU= was unchanged at $2,319.14 per ounce, as of 0128 GMT. U.S. gold futures GCcv1 were flat at $2,331.00.
* The dollar =USD rose 0.1% against its rivals, making gold more expensive for other currency holders, while benchmark 10-year yields US10YT=RR also edged higher. USD/US/
* The euro, once considered a competitor to the dollar's international role, was weakening as an alternative currency, with those looking to reduce their risk exposure turning to gold instead, a report showed.
* This week, traders are looking forward to the U.S. first-quarter gross domestic product estimates due on Thursday and the personal consumption expenditures (PCE) price index report on Friday to get more cues on the timing and scale of possible rate cuts this year.
* U.S. consumer confidence eased in June amid worries about the economic outlook, but households remained upbeat about the labour market and expected inflation to moderate over the next year.
* Federal Reserve Governor Lisa Cook said on Tuesday the U.S. central bank is on track for a rate cut if the economy's performance meets her expectations, but she declined to say when the Fed will be able to act.
* Traders are currently pricing in about a 65% chance of a rate cut in September, according to CME FedWatch Tool. FEDWATCH
* Lower interest rates reduce the opportunity cost of holding non-yielding bullion.
* Platinum-group metals producer Sibanye Stillwater SSWJ.J may close a metals streaming, or prepayment, deal to raise the cash it needs to boost its balance sheet in the third quarter.
* Spot silver XAG= fell 0.1% to $28.90 per ounce, platinum XPT= rose 0.4% to $985.83 and palladium XPD= lost 0.8% to $940.60.
DATA/EVENTS (GMT)
1000 France Unemp Class-A SA May
1400 US New Home Sales-Units May
Reporting by Sherin Elizabeth Varghese in Bengaluru; Editing by Subhranshu Sahu
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
