Gold Edges Lower as Investors Monitor Central Bank Clues on Rates — Market Talk

Gold edges lower in early Asian trade. Prices could remain constrained amid expectations of tighter U.S. monetary policy, with markets pricing in one more rate hike in 2026 and another in 2027, says Konstantinos Chrysikos of Kudo.com in a commentary. Traders will continue to monitor major central banks and the Fed this year for further monetary tightening signals, he adds. "Any firm messaging could push yields higher and pressure gold, while softer guidance may help a rebound," he says. Higher rates typically diminish the allure of the non-interest-bearing precious metal. Spot gold is 0.1% lower at $4,371.88 an ounce.(amanda.lee@wsj.com)