Gold likely to stay range-bound amid US GDP, inflation data focus: Analysts

NEW DELHI, Nov 23 : Gold prices are expected to stay range-bound in the near term as investors await a series of key US economic data releases, including GDP and inflation, and signals from the Federal Reserve’s December policy meeting for clarity on interest rate trajectory, analysts said. The focus will be on economic numbers such as weekly jobless claims, consumer confidence and ISM Non-Manufacturing PMI, which are expected to offer further clues on the Fed’s rate trajectory, they added. “Gold prices may continue to see some consolidation (as focus remains) on the US data ahead of the Fed’s December…