Gold Stalls as Traders Weigh US-China Tensions and Hawkish Fed
- China imposes economic curbs on Taiwan after Pelosi’s visit
- Fed pushes back against pivot idea, with inflation yet to slow
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Gold was little changed as the dollar rose and bond yields retreated, with investors assessing US-China tensions and an apparent hawkish turn from the Federal Reserve.
Bullion has been drawing some haven support amid the ongoing geopolitical risks. While anxiety has eased slightly in markets, traders are still monitoring the latest developments as China halted some trade with Taiwan in retaliation to US House Speaker Nancy Pelosi’s high-profile visit to the island.