Gold subdued as U.S. data backs Fed rate stance
Written by Black Hot Fire Network on January 27, 2023
- Platinum, palladium set for third straight weekly drop
- U.S. PCE data due at 1330 GMT
Jan 27 (Reuters) - Gold edged lower on Friday as robust U.S. economic data was seen as fodder for the Federal Reserve to keep interest rates high for longer, but caution . . .