Gold Steadies, Traders Eye US Data Over Venezuela Tensions

Business
M
Moneycontrol•06-01-2026, 05:31
Gold Steadies, Traders Eye US Data Over Venezuela Tensions
- •Gold prices stabilized near $4,450 an ounce, with traders shifting focus from Venezuela's political uncertainty to upcoming US economic data.
- •Bullion had surged 2.7% previously after Venezuelan leader Nicolás Maduro's capture, amidst US President Donald Trump's comments on "running" the country.
- •Key US economic data, including the December jobs report, is anticipated this week, influencing Federal Reserve's future actions.
- •Federal Reserve Bank of Minneapolis President Neel Kashkari indicated interest rates might be near a neutral level, awaiting data guidance.
- •Gold recorded its best annual performance since 1979, supported by central-bank buying, ETF inflows, and three Fed rate cuts.
Why It Matters: Gold holds steady, US economic data now drives market focus over Venezuela risks.
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