Gold Price Update: How Much per Gram?
An ounce of gold is currently priced at $2,355, down 0.3%.
Analysts said asset prices were mixed as US inflation fears increased uncertainty about when the Federal Reserve might cut interest rates, with attention focused today on the Fed’s Beige Book report.
Data released in the United States yesterday showed that the Conference Board Consumer Sentiment Index rose 4.5 points from the previous month to 102 in May, above expectations, after three consecutive months of declines, supporting concerns that the Federal Reserve may delay cutting interest rates more than expected.
Analysts said today’s data trends at home are muted, while overseas Germany’s key CPI and the US Fed’s Beige Book report are technically subject to the $2,320 and $2,300 per ounce levels. They pointed to the $380 and $2,400 levels as resistance levels.
