Gold futures continue to slide lower from lifetime highs recorded earlier in the month amid signs of easing fears of a wider Middle East conflict that continue to weigh on the metal. The yellow metal fell under $2400 per ounce that led to excess selling pressure. Currently, the counter is quoting at $2332.90 an ounce, down 0.35% on the day after tumbling around 3.5% so far this week, and at its lowest level in nearly three weeks. Meanwhile, the broad focus will now shift on the release of the U.S. personal consumption expenditures (PCE) report on Friday.
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