Gold traded near $2,665 per ounce on Wednesday, steadying after Tuesday's gains, as investors awaited key signals on the Federal Reserve's policy direction. The metal benefited from a dip in the US dollar, triggered by disappointing manufacturing data. The NY Empire State Manufacturing Index fell to its lowest in five months, signaling a contraction in New York's business activity after showing growth in September. Looking ahead, US retail sales data set for release on Thursday and a speech by Fed Governor Waller on Friday are expected to offer further market insights. Meanwhile, geopolitical tensions in the Middle East continue to provide upward support for gold.
Powered by Capital Market - Live News