* Fed Chair Powell to speak on Tuesday
* Fed minutes of June policy meeting on Wednesday
* Non-farm payrolls data due on Friday
July 1 (Reuters) – Gold prices were little changed on
Monday as U.S. Treasury yields held firm, while investors turned
cautious ahead of key economic data that could shed light on the
Federal Reserve’s potential rate cut trajectory.
Spot gold was nearly unchanged at $2,327.50 per
ounce, as of 0932 GMT. Prices registered a more than 4% gain in
the second quarter. U.S. gold futures eased 0.1% to
$2,337.80.
Benchmark 10-year U.S. Treasury yield hit a near
three-week high, making non-yielding bullion less attractive for
investors.
Investor focus now shifts to remarks from Fed Chair Jerome
Powell on Tuesday, followed by minutes from the Fed’s latest
policy meeting on Wednesday and U.S. nonfarm payrolls data due
on Friday.
“Powell…
