Investing.com– Gold prices moved little in Asian trade on Wednesday, coming under pressure from a rebound in the dollar as traders continued to fret over the prospect of slower monetary easing in 2025.
Strong U.S. data released overnight furthered expectations of slower rate cuts, especially amid growing signs that the labor market remained robust. Treasury yields rose sharply on Tuesday, while the dollar rebounded from one-week lows.
Gold saw little safe haven demand, even as an increasingly worsening rhetoric between the U.S. and China pushed up concerns over a global trade war, especially as incoming President Donald Trump prepares more trade tariffs on China.
was flat at $2,649.47 an ounce, while expiring in February fell 0.1% to $2,662.24 an ounce by 00:27 ET(05:27 GMT).
Gold prices pressured by US rate jitters
The steadied on Wednesday after an overnight bounce, as…
