Reported 1 day ago
Gold prices have declined as Federal Reserve officials express concerns over inflation, indicating a cautious approach to interest rate cuts this year. San Francisco Fed President Mary Daly and Governor Adriana Kugler highlighted the need to achieve the Fed's 2% inflation target, impacting gold's appeal. Currently trading around $2,640 an ounce, gold's decline follows last year's significant surge, and upcoming economic data will provide insight into the Fed's monetary policy direction.
Source: YAHOO