Gold Wavers as Traders Weigh Monetary Tightening, Economic Data
- U.S. jobless claims decline for second week as Omicron eases
- ECB signals concern over persistently high inflation
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Gold fluctuated as investors weighed the path of central banks’ monetary tightening and mixed U.S. economic data.
European Central Bank President Christine Lagarde is no longer ruling out an interest-rate hike this year, a pivot toward the tightening stance of global peers that officials privately see materializing with a shift in policy guidance as soon as next month.