Gold fell, but not more than investors expected

Gold futures fell 0.19% to $7,744.25 during the 11:59 PM ET (3:59 AM GMT). The dollar, which normally moves against gold, fell to a three-week low on Wednesday.

According to data released on Tuesday, the US Consumer Price Index (CPI) rose 0.3% in March, up 0.6% year-on-year, the highest growth in eight and a half years. It also set up what is widely expected to be the rapid spell of high inflation

Investors continue to Wednesday-March trade data from China, which includes exports, imports, and trade balance.
The country will release additional data on Friday, including GDP, industrial production, and fixed-asset investment.

Among other priceless metals, silver rise 0.4%. Palladium 68 was $2,689.44 and platinum was 0.8%.

Leave a Reply

Your email address will not be published. Required fields are marked *