Inflation Reports to Determine Gold's Trajectory: All Eyes on CPI and PPI Gold prices are holding steady as investors await crucial U.S. inflation data this week, which will influence expectations for the Federal Reserve’s upcoming interest rate decision. The Consumer Price Index (CPI) due on Wednesday and Producer Price Index (PPI) on Thursday are key indicators that could sway the Fed’s decision between a 25 or 50 basis point rate cut. Currently, traders see a 75% chance of a 25-basis-point cut at the Fed’s meeting next week. The market’s reaction to these inflation figures could potentially push gold to new all-time highs if the data suggests a more aggressive rate cut, while even a 25-basis-point cut scenario is expected to maintain gold’s strong position. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Currency Markets Hold Steady as Traders Eye U.S. Inflation Data READ MORE U.S. GDP Growth Stumbles to 1.6% in Q1, Missing Economic Forecasts READ MORE Young Borrowers Struggle as Credit Card Debt Hits 14-Year High READ MORE U.S. Labor Market Cools, Sparking Economic Concerns for Fed Officials READ MORE Currency Expert Predicts De-dollarization Will Fail and Backfire READ MORE Add a Comment Cancel replyYour email address will not be published.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