Gold prices remain steady as the US dollar rebounds ahead of key data

From Investing.com: 2025-02-27 02:05:00

Gold prices remained steady as investors awaited key US data on inflation and President Trump’s tariff plans. Central banks continue to buy gold as a safe-haven asset. The US macroeconomic reports on GDP and Durable Goods Orders will impact the gold price. A stronger USD may push XAU/USD lower, while weaker data could boost gold prices.

The euro weakened against the US dollar as concerns over tariffs and US economic growth weighed on the single currency. Bearish expectations have been priced in, with traders now anticipating better-than-expected data. Eurozone economic statistics disappoint, adding to the euro’s woes. The market awaits US macroeconomic reports, which could impact EUR/USD.

The Japanese yen traded flat against the US dollar amid tariff concerns and rising US Treasury yields. The yen found support as Japanese government bond yields increased, fueled by expectations of BoJ policy normalization. USD/JPY may be influenced by today’s US macroeconomic reports and the Tokyo CPI data, which will impact the USD and JPY relationship.



Read more at Investing.com: Gold Faces Consolidation as US Dollar Rebounds Before Crucial Data