Gold Holds Steady Near $2,300 as Markets Await Crucial Inflation Data Gold prices remained relatively stable around $2,300 an ounce in Asian trading on Friday, with slight fluctuations as traders awaited key inflation data. The market’s focus is on the upcoming PCE price index, the Federal Reserve’s preferred inflation gauge, which could influence future interest rate decisions. Gold’s performance has been rangebound due to uncertainty over U.S. interest rates, with high rates generally unfavorable for non-yielding assets like gold. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Wall Street Weighs Impact of Biden-Trump Rematch on Financial Markets READ MORE Silver Breakout Confirmed READ MORE Declining Confidence in Credit Card Repayment Among Americans READ MORE Gold's Upward Momentum Continues Amid Global Economic Uncertainty READ MORE Record Gold Buying by Central Banks Expected to Continue, According to TDS READ MORE Add a Comment Cancel replyYour email address will not be published.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