Gold prices traded flat in Asia on Wednesday, weighed down by a strong US dollar and rising Treasury yields. The dollar index stayed above 108.5, supported by robust US economic data, reducing expectations of further Fed rate cuts. Investors are now eyeing Friday's jobs report ahead of the Fed's policy decision. Domestic gold futures edged up to ₹77,604 per 10 grams, while international futures remained flat at $2,665.6 per ounce. Gold gained some support from PBoC's gold reserves increase for the second straight month.
Powered by Capital Market - Live News