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Gold stuck in tight range as traders seek direction from US data
![IndiaTimes]()
Wednesday, 25 October 2023
Gold prices were stuck in a narrow $10 trading range on Wednesday as investors held back from making big bets ahead of US economic data this week that could shed more light on the Federal Reserve's interest rates outlook. Spot gold was flat at $1,970.13 per ounce by 0948 GMT, having declined in the previous two sessions and trading below a five-month high hit last week. US gold futures eased 0.3% to $1,981.10. Market focus now shifts to the US third-quarter GDP figures due on Thursday and the US PCE price index on Friday.
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Wednesday, 25 October 2023
