Gold Prices Dip in Anticipation of Pivotal U.S. Inflation Report Gold prices saw a slight decline as investors and traders turned their attention to the upcoming U.S. inflation data, expected to be released this week. This data is significant as it could potentially affect the Federal Reserve’s decisions on interest rate cuts. Spot gold fell by 0.5% to $2,025.91 an ounce, while U.S. gold futures experienced a 0.6% drop to $2,036.60. The focus is particularly on the U.S. personal consumption expenditure (PCE) price index, the Federal Reserve’s preferred inflation measure, which is anticipated to show a 0.4% monthly increase. Analysts suggest that higher-than-expected PCE data might exert downward pressure on metal prices, though gold is expected to stay above the $2,000 mark unless the economic data released this week is exceptionally high. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Nvidia Faces $900 Billion Loss Amid AI Investment Uncertainty READ MORE Interest Rate Realities: The End of Zero-Percent Era? READ MORE Fed's Harker Leans Towards Modest 25bp Rate Cut to Start Easing Cycle READ MORE Commodities Cool Off Ahead of Key Economic Data READ MORE Gold Demand Dips as Wedding Season Begins, Diamond and Gemstone Sales Rise READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment