Bullion is stuck at $1,760-$1,830, which reflects indecision about Covid-19 and policy, analyst says
Bengaluru — Gold prices were stuck in a narrow range on Monday, with cautious investors awaiting readings on US consumer prices that could be crucial to Federal Reserve’s decision on when to exit its supersupportive policy.US gold futures were flat at $1,791.90
Gold is in a range of $1,760-$1,830, which reflects a general indecision about the virus, growth, inflation expectations and policy, Rodda added. The reading sent the benchmark US 10-year Treasury yield higher and left gold down 2.1% for the week.The dollar index slightly strengthened in the Asian trade, making gold more expensive for holders of other currencies.
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