US policymakers are leaning towards a cautious approach to tightening, leading to lower expectations for interest rate hikes.
Dovish comments from Atlanta Fed President Raphael Bostic, Vice Chairman Philip Jefferson, and Dallas Fed President Lorie Logan have influenced the swaps market.
Despite hotter-than-expected manufacturing inflation and the Israel-Hamas conflict driving hedge demand, gold saw a 0.8% increase.
The market awaits US consumer price data, as policymakers aim to balance tight monetary policy with keeping inflation at 2%.
Currently, spot gold is up 0.4% at $1,881.80 per ounce, while the Bloomberg USD Index has slightly decreased.
Dovish comments from Atlanta Fed President Raphael Bostic, Vice Chairman Philip Jefferson, and Dallas Fed President Lorie Logan have influenced the swaps market.
Despite hotter-than-expected manufacturing inflation and the Israel-Hamas conflict driving hedge demand, gold saw a 0.8% increase.
The market awaits US consumer price data, as policymakers aim to balance tight monetary policy with keeping inflation at 2%.
Currently, spot gold is up 0.4% at $1,881.80 per ounce, while the Bloomberg USD Index has slightly decreased.
