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Gold prices held on to overnight gains on Thursday, after data showing U.S. consumer price increases slowed in July soothed concerns of an early tapering of economic support.
Oil prices were steady on Thursday following two days of gains after a call from the United States, the world’s top oil consumer, for major producers to boost output reinforced supply concerns as economies ease their coronavirus restrictions.
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Gold prices edged lower on Wednesday, pressured by a stronger dollar and a rise in bond yields, while investors cautiously looked forward to U.S. inflation data that could influence the federal Reserve’s timeline to taper monetary support.
Gold prices edged higher on Wednesday, as worries over a surge in coronavirus’ Delta variant cases offset pressure from a stronger dollar and bond yields, while investors awaited for U.S. inflation data later in the day.
