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Indonesia News Portal for Traders | Financial & Business Updates

17 October 2024 07:57  |

Gold Steady Amid U.S. Economic Data

Gold was steady in early Asian trade ahead of key US economic data due later in the day. Investors are looking to data such as retail sales and weekly jobless claims for fresh insights into the Fed’s monetary policy trajectory, Bas Kooijman, CEO and asset manager at DHF Capital S.A., said in an email.

Meanwhile, ongoing geopolitical tensions continue to contribute to the precious metal’s appeal as a safe haven, Kooijman added.

An Israeli airstrike hit a municipal building in southern Lebanon, killing the city’s mayor and at least 15 other people, the WSJ reported, citing state media. Spot gold was little changed at $2,674.05/oz

Source: Bloomberg

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