💨 Abstract

Gold prices fell on Wednesday due to a stronger dollar and higher U.S. Treasury yields, as data suggested the Federal Reserve may slow the pace of rate cuts this year. The dollar index strengthened and the 10-year Treasury yield reached an eight-month high, following strong U.S. job openings data. The Fed's projections in December indicated a more cautious pace of rate cuts this year, with concerns about inflation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖