Reported 1 day ago
Gold prices have maintained a three-day increase as traders look forward to upcoming US inflation figures, which are critical for the Federal Reserve's interest rate decisions. Spot gold traded above $2,700 per ounce, bolstered by expectations of a potential rate cut at the Fed's next meeting. This year, gold has risen over 30%, supported by demand and central bank purchases, especially after the People's Bank of China resumed buying after a six-month hiatus.
Source: YAHOO