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 U.S. Economy Defies Expectations with 2.8% Growth in Q2 READ MORE Record Start to 2024: Companies Ramp Up Share Repurchases READ MORE Bitcoin Rallies on Cooling Inflation, Eyes New Highs READ MORE Wharton's Siegel Urges Fed to Slash Rates by 150 Basis Points READ MORE Druckenmiller Makes Bet on Gold Miners READ MORE Add a Comment Cancel replyYour email address will not be published.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