Economic Indicators and Political Shifts Propel Gold Above $2,425 Gold prices increased on Wednesday due to a weakening dollar and anticipation of upcoming U.S. economic data that could influence the Federal Reserve’s interest rate decisions. Investors are closely watching GDP and personal consumption expenditure reports for clues on potential rate cuts, with markets currently expecting a rate cut in September. Additional factors supporting gold prices include lower U.S. stock prices, higher crude oil prices, and India’s recent reduction of import duties on gold and silver. Gold’s appeal is further bolstered by expectations of earlier Fed rate cuts and ongoing political developments in the U.S. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts BOJ's Mixed Signals Leave Traders Puzzled READ MORE Over 80,000 Global Enthusiasts Flock to Hong Kong's Twin Jewellery Shows READ MORE Fear Index' Doubles Amid Worldwide Stock Market Rout READ MORE Gold Prices Hit Fresh Record Highs READ MORE ECB's Lagarde: Services Inflation Need Not Hit 2% for Rate Cut Considerations READ MORE Add a Comment Cancel replyYour email address will not be published.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