INSUBCONTINENT EXCLUSIVE:
Gold prices today: Yellow metal was slightly low on the MCXGold prices on Wednesday, February 9, 2022 were slightly down by 0.03 per cent to
prices have been moving within a particular range since the beginning of this year as expectations from the US Federal Reserve to hike
interest rates, have capped gains.The US inflation data for January is expected on February 10 (Thursday) and after last week's robust
labour data, expectations are rising of faster policy tightening by the US central bank."There's this more of a wait-and-see approach with
some of the bigger data that's coming out later this week
Gold has shown it's forming massive support around $1,800 and this will be an important week for gold," said Edward Moya, senior market
Reuters poll, after robust labour data last week fanned inflation fears."If actual (inflation) data issues as expected or higher, the dollar
should strengthen along with United States Treasury yields leaving gold with substantial downside pressure," DailyFX analyst Warren
Venketas wrote in a note.The Russia-Ukraine tensions are going to remain elevated despite some of the optimism from French President Macron,
