Gold Hovers Near $2,500 as Inflation Figures Set to Guide Fed Decision Gold prices are holding steady around $2,500 an ounce as investors await key US inflation data that could influence the Federal Reserve’s decision on interest rate cuts. The precious metal has seen a significant 20% surge this year, driven by central bank purchases and expectations of rate cuts. Upcoming consumer and producer price index figures will be crucial in determining the Fed’s next move, with lower inflation potentially encouraging a larger rate cut. Gold’s appeal as a non-interest bearing asset and safe-haven investment continues to support its value amid global conflicts and economic uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts What Is Driving Gold & Silver Prices? READ MORE BRICS: Scotiabank Says US Dollar To Fall in 2024 READ MORE Study Finds Trump's Debt Contribution Twice That of Biden READ MORE From 68 Cents to $18: The Inflation Shockwave at McDonald's READ MORE Japan's Corporate Goods Prices Hit Record High as Import Costs Surge READ MORE Add a Comment Cancel replyYour email address will not be published.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