Gold weakens as inflation concerns lift US bond yields and USD; downside remains cushioned
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
Gold remains subdued as inflationary risks reduce Fed rate cut bets
Gold consolidates near the 20-day moving average following a wedge-triggered selloff, forming a bearish flag pattern that could set the stage for a second leg lower.
The three-day sell-off from late January and early February continues to define gold price action, as that sweeping snapback move saw prices give back more than $1,000 in short order, and at this point neither the high nor low have been taken out.
Gold slips as US Dollar, yields rise on Oil-driven inflation fears
Precious metals traders stay focused on oil market dynamics.
Poland has a one-off chance to use unrealised profit on gold reserves to finance military spending, National Bank of Poland Governor Adam Glapinski said on Wednesday, adding that the government has expressed "zero interest" in the proposal however.
Gold continues to see questions about momentum on Wednesday, as traders are trying to determine if momentum can pick up from here.
Gold: Recovery builds with easing Dollar – OCBC
Gold stalls below $5,200 as markets brace for US inflation data