MTECHTIPS;-Gold to trade sideways

MTECHTIPS;-Gold to trade sideways

MTECHTIPS – Gold prices rose on Thursday, nearing Tuesday’s 9-1/2-month high as the dollar retreated after data showed the pace of U.S. annual inflation slowed, while rising security concerns triggered by tensions on the Korean peninsula provided safe-haven support.The dollar index weakened after data showed U.S. annual inflation rose at its slowest pace since late 2015, which diminished expectations of an interest-rate increase by the Federal Reserve in December. We expect gold prices to trade sideways ahead of US non-farm payroll employment data.

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