COMEX gold futures are seen under pressure on Wednesday morning in Asia tracking a firmer US dollar overseas. The dollar index futures are quoting higher by 0.13% at 105.44, off last week?s low below 105 mark amid hawkish comments from Fed officials. Minneapolis Fed President Neel Kashkari reportedly said on Tuesday that he can?t rule that the next move from the central bank will be a rate hike. He stated that inflation has been largely stalled for the first three months of the year at a rate, roughly 2.7%, that policymakers regard as still too far above their target to declare the job finished. Meanwhile, COMEX gold futures are staying largely unchanged at $2324.50 an ounce. Powered by Commodity Insights |