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Gold advances as mild US inflation data puts Fed rate hike in doubt
Gold prices have soared to a two-month peak as consumer inflation in the U.S. showed signs of cooling. This easing in inflation has reduced the likelihood of an immediate interest rate hike by the Federal Reserve. Financial markets are now looking forward to the upcoming producer price data to validate this trend.
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economictimes.indiatimes.com
Gold holds steady after scaling 7-week high, US inflation data in focus
Gold prices remained stable during the early Asian trading hours on Monday, as investors gear up for significant inflation reports set to be released later this week. The recent…
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thehindubusinessline.com
Gold eases from seven-week peak, US inflation data looms
Gold prices ease after hitting a seven-week high, as investors await crucial US inflation data this week.
