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 U.S. Treasury to Boost Long-Term Debt Sales READ MORE S&P 500 Hits 20th Record Record High in 2024 READ MORE 78% of Americans Living Paycheck to Paycheck in 2024, Study Reveals READ MORE Gold Rallies as Fed's Powell Hints at Inflation Progress READ MORE Gold Futures Fall as Easing Geopolitical Strains Diminish Safe-Haven Appeal READ MORE Add a Comment Cancel replyYour email address will not be published.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