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Market move● Neutral for Indian equities
Gold heads for monthly decline, US inflation data looms
The brief
- Gold prices remained stable Wednesday but were poised for a monthly decline
- Market participants scrutinized US inflation metrics for clues on the outlook
- Fed's Williams sees a possible rate hike later in 2026, with no rush to act
- US 30-year Treasury yield reaches highest level since 2002, topping 5.6%
- Nifty Breaches 22,600, And Experts Say Recovery Is Far Off
- Gold rises but strong Fed hike bets keep it near seven week-low
- US stocks fall as oil prices and Treasury yields climb