💨 Abstract

Gold prices fell over 1% on Thursday, hitting a two-month low, due to a strong US dollar and rising Treasury yields. Investors are awaiting US economic data and remarks from Fed Chair Jerome Powell for further clues on the Federal Reserve's monetary path. Markets are dismissing gold as a hedge against inflation, despite potential increases due to Trump's policies. Gold prices may test the $2,520 level if the decline continues.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖