Gold prices tick lower with Powell, payrolls in focus; copper weak [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
The yellow metal was nursing a fall through June, as fears of high U.S. interest rates pushed up the dollar and Treasury yields. Gold also remained stuck around $2,300 an ounce. Spot gold fell 0.2% to $2,326.47 an ounce, while gold futures expiring in August fell 0.1% to $2,335.80 an ounce by 00:29 ET (04:29 GMT). Gold muted with more rate cues on tap Gold remained rangebound with focus largely on a slew of cues on interest rates due this week. Federal Reserve Chair Jerome Powell is set to speak at a European Central Bank conference later on Tuesday, although the Fed Chair is unlikely to provide any new cues on interest rates. But beyond Powell, the minutes of the Fed's June meeting are due on Wednesday, coming after the central bank largely downplayed expectations for rate cuts during the meeting. Nonfarm payrolls data is due on Friday, and is set to offer more cues on the labor market, which has been largely running strong in recent months. The sector is also a key cons
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