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 Bonds Rally, Stocks Dip Following First Presidential Face-Off READ MORE Global Platinum Market Faces Increased Deficit in 2024, Says WPIC READ MORE TSX Breaks Losing Streak as Materials and Energy Sectors Surge READ MORE The Effect of a Stock Market Collapse on Silver & Gold READ MORE ING: What’s Next for Gold? READ MORE Add a Comment Cancel replyYour email address will not be published.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