Insignia Consultants | Gold holds steady as markets eye inflation data

Gold holds steady as markets eye inflation data

March 12 (Reuters) - Gold held steady on Wednesday ahead of a key U.S. inflation data that could help gauge the Federal Reserve's interest rate path amid trade tensions and economic slowdown fears, while attention was also on a potential ceasefire deal in Ukraine.

Spot gold was flat at $2,916.69 an ounce, as of 0300 GMT, while U.S. gold futures firmed 0.1% to $2,922.30.

"Gold is operating in 'consolidation mode' ahead of the next batch of U.S. inflation data," KCM Trade chief market analyst Tim Waterer said.

https://www.reuters.com/markets/commodities/gold-holds-steady-markets-eye-inflation-data-2025-03-12/

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