Reported about 6 hours ago
Gold prices have fallen for the second consecutive day, retreating from record highs as Federal Reserve Chair Jerome Powell signaled that the bank would remain patient on rate cuts. Following a peak above $2,942, gold dropped below $2,890 an ounce. This retreat comes amid rising treasury yields and speculation about the implications of U.S. trade and immigration policy on inflation and economic growth. Investors await key U.S. inflation data which could influence the Fed's future monetary policy decisions.
Source: YAHOO