Reported 2 months ago
Gold prices increased ahead of upcoming US economic reports, focusing on potential Federal Reserve rate cuts. Trading at around $2,455 per ounce, gold is influenced by inflation expectations and geopolitical tensions, despite a dip of 0.5% last week. The market anticipates figures on the producer price index and consumer price index, with expectations of modest price increases. Gold's appeal as a safe haven remains strong amid global uncertainties.
Source: YAHOO