Reported 2 months ago
Gold prices have dipped by 0.5% as traders brace for a U.S. inflation report set to be released Tuesday. Following a 1.7% increase on Monday, the market eyes Producer Price Index figures, which could influence expectations on interest rate cuts by the Federal Reserve. Gold, having risen nearly 20% this year, continues to be supported by geopolitical tensions and interest rate forecasts.
Source: YAHOO