Reported about 13 hours ago
Gold prices rose after US inflation showed an unexpected slowdown, fueling hopes for potential Federal Reserve rate cuts this year. Bullion traded around $2,700 an ounce, its highest in a month, as falling Treasury yields and a weaker dollar enhanced its appeal. Swap traders have now fully priced in a rate cut by July, reinstating expectations for easing monetary policy, despite some Fed officials cautioning that the fight against inflation continues.
Source: YAHOO