Bullion and peers undergo corrections as other markets stabilise

02.05.2024

Gold prices steadied on Wednesday as risk premiums over tensions in the Middle East eased while investors strapped in for U.S. economic data, due later in the week, that could offer clues to the Federal Reserve's interest rate path.

Spot gold eased 0.1% to $2,318.50 per ounce by 9:20 a.m. ET...