21 Aug 2025
Gold drifts lower as US Dollar steadies, traders eye upcoming US economic data
Gold retreats after failing to sustain gains above $3,350.
A steady US Dollar and firmer Treasury yields cap bullion’s upside.
Traders await US economic releases, including weekly Initial Jobless Claims, Existing Home Sales, and preliminary August PMIs for fresh monetary policy cues.
Gold (XAU/USD) edges lower on Thursday, retreating modestly after Wednesday’s sharp rebound from three-week lows, as the metal failed to clear technical resistance near $3,350. A steady US Dollar (USD) and firm Treasury yields are weighing on the precious metal, as traders digest the Federal Reserve’s (Fed) July meeting Minutes and position ahead of Fed Chair Jerome Powell’s remarks at the Jackson Hole symposium on Friday.
