Market Awaits Inflation Data as Gold Prices Rise Gold prices rose on Monday as traders anticipated key U.S. inflation data and potential interest rate cuts by the Federal Reserve. Spot gold increased by 0.6% to $2,444.79 per ounce, while U.S. gold futures rose by 0.4% to $2,483.70. Investors are considering a 49% chance of a 50 basis point rate cut in September, with upcoming inflation data expected to influence this decision. Analysts suggest that lower-than-expected inflation could lead to record highs for gold prices. Geopolitical tensions and volatility in other markets continue to support gold’s appeal as a safe-haven asset. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold and Bitcoin: Vital Challengers to Fiat Currencies READ MORE Unemployment Claims Reach 10-Month Peak as Economy Slows READ MORE Consumer Price Growth Slows, Potential Relief for Fed Rate Decisions READ MORE Dollar Nears Monthly Peak Amid Rising US Yields and Anticipation of Rate Cuts READ MORE China Drives Silver to New Heights with Booming Solar Sector READ MORE Add a Comment Cancel replyYour email address will not be published.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