Gold prices were little changed on Wednesday, with markets awaiting a speech by Federal Reserve Chairman Jerome Powell for more signals on the US interest rate trajectory after dismal economic data.
U.S. Federal Reserve Chairman Jerome Powell
MCX Gold Short Covering Rally, Support Level @ 31460
Gold on MCX live settled up 0.37% @ 31563 after U.S. President Donald Trump threatened to raise tariffs on Chinese goods, escalating Sino-U.S. trade tensions, which prompted risk-off sentiment and boosted safe-haven assets.