Gold Hovers Near $2,500 as Inflation Figures Set to Guide Fed Decision Gold prices are holding steady around $2,500 an ounce as investors await key US inflation data that could influence the Federal Reserve’s decision on interest rate cuts. The precious metal has seen a significant 20% surge this year, driven by central bank purchases and expectations of rate cuts. Upcoming consumer and producer price index figures will be crucial in determining the Fed’s next move, with lower inflation potentially encouraging a larger rate cut. Gold’s appeal as a non-interest bearing asset and safe-haven investment continues to support its value amid global conflicts and economic uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts State Street Global Advisors Says Gold Could Reach $2,400 READ MORE Gold's Stellar Month Tipped by Fed's Monetary Hints READ MORE Inflation Data May Shape Fed’s Path to Interest Rate Cuts READ MORE Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a Week READ MORE New Charts Show Gold and Silver Poised for Breakout READ MORE Add a Comment Cancel replyYour email address will not be published.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