Gold prices steady as investors await US economic data and Fed speeches

Gold prices remained stable as investors awaited comments from Federal Reserve officials and key U.S. economic data. Spot gold was nearly unchanged at $2,683.78 per ounce, while U.S. gold futures dipped slightly to $2,690.90. This week, several Fed officials, including Chair Jerome Powell, are scheduled to speak. Important economic indicators, such as the consumer price index and producer price index, will also be released, influencing market expectations for interest rates. The Fed recently cut interest rates by a quarter percentage point, which may affect gold's attractiveness. Lower interest rates typically increase demand for gold, a non-yielding asset.