Tuesday, 11 June 2024 07:20 WIB | GOLD |GOLDEMAS

Gold is trading steadily in early Asian trade, holding above the $2,300/oz level. Market focus is firmly on this week’s U.S. CPI data and FOMC decision, the ANZ Research team writes in a note.

“We expect the FOMC will raise the dot plot from an anticipated three cuts to just one to two cuts for this year with a modest upside tweak to the end 2024 inflation forecasts,” they say.

Spot gold is flat at $2,309.84/oz.

Source : Dow Jones Newswires