The dollar was stable on Wednesday ahead of crucial inflation readings, lifted by rising Treasury yields. The yen drifted to its weakest in four weeks. Euro and sterling also showed movements. Australian dollar spiked before steadying. U.S. consumer confidence improved in May. Markets await inflation reports this week.
Gold poised for weekly loss as US delays decision on Middle East involvement
Gold prices remained stable on Friday but are set for a weekly loss as President Trump delayed a decision on intervention in the Israel-Iran conflict.