Gold prices remained steady after comments from Federal Reserve Chair Jerome Powell hinted at cautious optimism over inflation trends but offered no concrete signals on future rate decisions. Spot gold traded flat near $2,030 per ounce as Powell emphasized the Fed’s commitment to a data-dependent approach, leaving investors waiting for more clarity. While the central bank’s stance quelled fears of aggressive monetary tightening, uncertainty persists in the precious metals market.
Market participants are now turning their attention to the upcoming U.S. jobless claims data, which could provide insight into the labor market’s health and its implications for monetary policy. Analysts predict the figures will influence short-term gold price movements, with weaker data potentially spurring safe-haven demand. For now, gold remains locked in a narrow range, reflecting broader market caution.
