Reported about 8 hours ago
Gold prices are stabilizing near record highs at around $2,900 per ounce as traders react to hot inflation data from the U.S. and President Trump's trade announcements. After an unexpected rise in U.S. prices, expectations for a single rate cut this December were priced in, while renewed demand for safe-haven assets was observed amid the uncertainty surrounding trade policies. Federal Reserve Chair Jerome Powell indicated that the central bank would be cautious in its monetary policy decisions, suggesting economic conditions are still being evaluated.
Source: YAHOO