Gold Prices Rebound Slightly, Investors Eye Fed's Preferred Inflation Gauge Gold prices recovered slightly on Friday after a sharp decline the previous day, with investors awaiting key U.S. inflation data that could influence the Federal Reserve’s interest rate decisions. Despite the modest gain, gold is down 1% for the week and 4.5% from its recent record high, pressured by strong U.S. economic growth data. While demand in China has weakened due to high prices and seasonal factors, India’s gold market has been boosted by a reduction in import taxes. The precious metal remains up 15% for the year, with its price currently fluctuating between key moving averages. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts From Pandemic to Recovery: Comparing Economic Performance Under Trump and Biden READ MORE China's Economic Woes Lead to Record Gold Buying Spree READ MORE Silver Is the New Gold' — Egyptians Try to Protect Savings READ MORE Powell Signals Fed's Readiness for Rate Cuts at Jackson Hole READ MORE Gold ETFs Wane Despite Highs: A Glimmer of Hope on the Horizon? READ MORE Add a Comment Cancel replyYour email address will not be published.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