Bullion Prices Stable as Traders Await Inflation Cues Gold remains steady as investors await the release of crucial US inflation data, which could influence the Federal Reserve’s upcoming interest rate decision. The market anticipates potential rate cuts, with expectations of a 25 or 50 basis point reduction at the Fed’s September 18 meeting. Lower interest rates typically benefit non-yielding assets like gold. Additionally, geopolitical tensions, economic uncertainties, and seasonal demand from India and China are expected to support gold prices, with some analysts projecting a rise to $2,600 per ounce by year-end. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Rising Gold Prices Cool Off Indian Market Demand in Fourth Quarter READ MORE Morgan Stanley Warns De-Dollarization Could Spell Trouble for US Stocks READ MORE UBS Positive on Gold, May Rise to $2,500 READ MORE Decoding the Drivers Behind Bullion's Sudden Ascent READ MORE JP Morgan Gold Traders go to Jail, while JP Morgan exits DoJ ‘Sin Bin’ READ MORE Add a Comment Cancel replyYour email address will not be published.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