💨 Abstract

Gold prices remained flat on Wednesday due to a stronger dollar offsetting safe-haven demand, as tensions in the Middle East escalated. Investors awaited U.S. data for economic cues. Gold is expected to trade choppily, remaining below its record high, due to potential reduced bets of aggressive Fed easing if U.S. employment data surprises to the upside. Meanwhile, high gold prices have led to a drop in physical demand in key markets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖