![As CPI data supports rate-cut bets, gold prices climb and record highs close](https://market-tracker.in/wp-content/uploads/2023/11/pngtree-sleek-3d-render-of-shiny-gold-bars-and-coins-on-black-image_3762047-600x359.jpg)
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…