13 days ago • Posted by William Ramstein
Gold falls from five-month high as investors wait on Fed
Traders should point their attention to a strengthening USD, and Friday's US nonfarm payrolls report for May for more clues on the strength of the labor market and whether growth might spur inflation that could prompt governments and central banks to lighten stimulus. Investors are shifting their focus to inflation from potential tapering risks. The Fed views inflation as transitory which has helped gold prices move northwards.
Source: Bloomberg on Yahoo