Gold prices hovered near record highs seen in 2020, trading steady above the key $2,000 level on Wednesday, as the dollar eased after weak U.S. economic data fanned expectations that the Federal Reserve might loosen its monetary policy trajectory.
done raising interest rates and starting to cut them in the summer.said while the economy appears on a path toward slowing down, the U.S. central bank likely has more rate hikes ahead of it.
* While gold is traditionally considered a hedge against inflation and economic uncertainties, higher interest rates dim the appeal for non-yielding bullion. * Spot silver eased 0.1% to $24.99 per ounce, while platinum was 0.2% higher at $1,020.47 and palladium edged up 0.1% to $1,458.51.0600 Germany Consumer Goods SA Feb0755 Germany S&P Global Comp Final PMI March0830 UK Reserve Assets Total March1400 US ISM N-Mfg PMI March
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