Jan 16 (Reuters) – Gold fell slightly on Tuesday as the
U.S. dollar and Treasury yields jumped, with investors awaiting
comments from a host of Federal Reserve speakers this week for
more clarity on the central bank’s interest rate trajectory.
* Spot gold
of 0201 GMT.
* U.S. gold futures
* The dollar index leapt to a 10-day high, making
bullion less attractive for other currency holders, while yields
on benchmark U.S. 10-year Treasury notes
near 4% levels. [US/] [USD/]
* At the end of its Jan. 30-31 meeting, the Fed is expected
to hold its policy rate steady.
* Traders are betting on six rate cuts of 25 basis points
each (bps) this year, with about a three-in-four chance that the
first one could come as soon as March, according to LSEG’s
interest rate probability app, IRPR.
* Lower interest rates increase non-yielding bullion’s
* A host of Fed officials are due to speak this week, with
Fed Governor Christopher Waller scheduled to deliver a speech on
the economic outlook before the Brookings Institution at 1600
* Elsewhere, European Central Bank officials pushed back
against market expectations for rapid rate cuts this year.
* Japan’s wholesale inflation was flat in December from a
year earlier, slowing for the 12th consecutive month,
underscoring the central bank’s view that cost-push pressure
from rising raw material prices will steadily dissipate.
* Yemen’s Houthi movement will expand its targets in the Red
Sea region to include U.S. ships, an official from the
Iran-allied group said on Monday, as it vowed to keep up attacks
after U.S. and British strikes on its sites in Yemen.
* Spot silver
0.3% to $968.96.
Claimant Count Unemployment Dec
0700 Germany CPI Final
Empire State Mfg Survey
CPI BoC Core
Fed Gov. Waller speaks
(Reporting by Harshit Verma in Bengaluru; Editing by Subhranshu
Keywords: GLOBAL PRECIOUS/
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