The dollar was also lifted by rising Treasury yields after a lacklustre debt auction for sales
Economists expect the personal consumption expenditures price index minus food and energy, due on Friday, to rise 0.2 per cent in April
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,390
The downside pressure on gold further intensified on Thursday on better-than-expected S&P US Global manufacturing and services PMI data
Powell, 71, previously tested positive for Covid in January 2023. The next meeting of the Fed's policy-setting committee is set for June 11-12
Fed officials have pushed out expectations for the first interest-rate cut, emphasizing a need to keep borrowing costs elevated for longer amid disappointing inflation prints in the first quarter
The price of 22-carat gold inched up Rs 10, with the yellow metal selling at Rs 67,560
Weak job data bolstered the speculation that the weakening economy would force the US Federal Reserve to cut rates
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 66,140
Yields declined on Monday tracking a drop in US yields, as traders turned optimistic on the Federal Reserve's rate cuts during the year after weaker-than-expected April nonfarm payrolls data
The price of 22-carat gold also inched up by Rs 10, with the yellow metal selling at Rs 66,360
The price of 22-carat gold also inched up by Rs 10, with the yellow metal selling at Rs 66,060
The numbers tell the story. Last year, investors pocketed nearly $900 billion in annual interest from US government debt, double the average over the previous decade
The price of 22-carat gold also inched up by Rs 10, with the yellow metal selling at Rs 66,260
The price of 22-carat gold also declined by Rs 10, with the yellow metal selling at Rs 66,540
The benchmark 10-year Indian yield is likely to trade in a 7.16 per cent-7.21 per cent range, following its previous close at 7.1870 per cent, a trader with a primary dealership said
The economy grew at a 3.4% rate in the fourth quarter. The first quarter growth's pace was below what U.S. central bank officials regard as the non-inflationary growth rate of 1.8%
The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 66,240
Stock market preview Friday, April 26: Global cues mixed, but sharp rise in 10-yr US bond yield to 4.73 per cent may weigh on the trading sentiment. Individual stocks to remain in focus on Q4 results.
Spitznagel argues that such a shift would likely take place only when economic conditions deteriorate, creating a challenging environment for markets