Gold holds steady but is set for monthly decline as US PCE looms
Spot gold was little changed at $4,178.59/oz by 0037 GMT and down nearly 6% in September. US PCE price index is due at 1230 GMT and nonfarm payrolls on Friday.
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Spot gold was little changed at $4,178.59/oz by 0037 GMT and down nearly 6% in September. US PCE price index is due at 1230 GMT and nonfarm payrolls on Friday.
Highlights: * Xi Jinping heads to Washington, meetings with Trump in focus * Flash PMI data in focus, as well as more Fedspeak * USD strength pervades, putting key levels in both GBPUSD and USDMXN into view US TSYS: Paring Gains, Flash PMIs Ahead, Trump Welcomes Xi Tonight: s-xi-tonight-1790161492747 Treasuries are mil
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
**Consensus expectations: - CPI North Rhine Westphalia M/M: No est v -0.2% prior; Y/Y: No est v 2.4% prior - CPI Hesse M/M: No est v -0.2% prior; Y/Y: No est v 2.6% prior - CPI Bavaria M/M: No est v -0.2% prior; Y/Y: No est v 2.6% prior - CPI Brandenburg M/M: No est v -0.1% prior; Y/Y: No est v 2.8% prior - CPI Saxony
CPI EU Harmonized M/M: % v 0.0%e; Y/Y: % v 2.3%e **Insight: ECB has an symmetrical inflation target of 2% - Annual Headline inflation back at target for the 1st time in 3 months - Annual Headline inflation stays above target for 3rd straight month
Germany reports preliminary monthly CPI data