Gold edges higher as markets weigh Warsh's inflation message after Fed decision
GLD•Upcoming data and events
| GMT | Event |
|---|---|
| 1100 | UK BOE Bank Rate July |
| 1200 | Germany CPI, HICP Prelim YY July |
| 1230 | US Consumption, Adjusted MM June |
| 1230 | US Core PCE Price Index MM, YY June |
| 1230 | US PCE Price Index MM, YY June |
| 1230 | US GDP Advance Q2 |
| 1230 | US Initial Jobless Clm 25 July, w/e |
Gold edges higher after Fed decision
July 30 (Reuters) - Gold prices edged higher on Thursday, as markets assessed comments from U.S. Federal Reserve Chairman Kevin Warsh on tackling inflation after the central bank left interest rates unchanged at its latest policy meeting.
- Spot gold
XAU=was up 0.4% at $4,080.38 per ounce, as of 0103 GMT. - U.S. gold futures
GCcv1for August delivery gained 1.1% to $4,078.
Other precious metals and global policy backdrop
The Bank of England and the Bank of Japan are also widely expected to keep rates unchanged this week and caution against inflationary pressures linked to the Middle East war.
A drone hit a U.S.-owned gas storage tanker at Egypt's Mediterranean port of Damietta, British maritime security firm Ambrey said in an initial assessment on Wednesday, and U.S. President Donald Trump vowed to retaliate against Iran for an overnight attack, as the Middle East conflict appeared to expand beyond its main fronts.
