Gold prices consolidated

Gold prices consolidated · 16. March 2021

Gold prices consolidated around the $1,730 an ounce level on Tuesday, underpinned by a retreat in US Treasury yields, while investors await fresh catalysts from the Federal Reserve's policy meeting. Market participants anticipate that the Fed will upgrade growth projections due to the successful vaccine rollout and Washington’s massive stimulus package. A rosier economic outlook and recent tumult in the bond market sparked further speculation amongst investors that the Federal Reserve may have