As CPI data supports rate-cut bets, gold prices climb and record highs close

As predictions that the Federal Reserve will start reducing rates grew in response to less-than-expected U.S. consumer inflation statistics, gold prices increased in Asian trade on Thursday and remained near record highs. Better risk appetite also restrained gains in the yellow metal, and traders were positioning for a more modest rate decrease in September due…

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As the Fed and Middle East concerns come into focus, gold prices soar above $2,400

As investors anticipated further signals from the Federal Reserve regarding interest rate reductions, gold prices increased during Wednesday’s Asian trading session, supported by a weakening dollar. Gold futures expiring in December saw a 0.5% increase to $2,463.85 an ounce, while spot gold increased by 0.3% to $2,419.11. Before the end of the Fed meeting later…

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Gold was stable as investors evaluated the Fed’s policy outlook

As investors assessed the Federal Reserve’s policy stance, gold experienced a minor disappointment, closing down -0.08% at 62249. To avoid impeding progress in lowering U.S. interest rates, the governor of the Federal Reserve has advocated for caution. The Conference Board announced that the consumer confidence index in the United States fell to 106.7 in February…

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Fears about interest rates and inflation are keeping gold prices rangebound

Monday’s Asian trading saw a pullback in gold prices, which were still comfortably within a recent trading range as concerns about longer-term, higher U.S. rates increased ahead of important economic data. gold futures expiring in March dropped 0.4% to $2,041.85 an ounce, while spot gold declined 0.2% to $2,032.32 an ounce. Since higher rates increase…

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