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COMEX Gold steadied above $2050/oz owing to softer US treasury yields amid solid demand for the first of this week’s three US debt salesFed Bank of Cleveland President Loretta Mester said policymakers will probably gain confidence to cut interest rates “later this year” if the economy evolves as expectedTreasury Secretary Janet Yellen said that while losses in commercial real estate are a worry, US regulators are working to ensure that loan-loss reserves and liquidity levels in the financial system are adequate to cope (Bloomberg)WTI Crude extends gains supported by lingering geopolitical risk in the Middle East as the Houthis targeted two ships in the southern Red SeaLME base metals hold gains as markets grew hopeful of more forceful measures by Chinese authorities to support economic recovery and optimism from reports of regulators’ plan to brief President Xi JinpingToday, EIA crude oil inventories and speeches by more Fed officials will be in focus

COMEX Gold steadied above $2050/oz owing to softer US treasury yields amid solid demand for the first of this week’s three US debt sales Fed […]