Gold Prices Climb Near $2,350 Amid Holiday-Thinned Trading Gold prices rose nearly 1% to $2,354 on Monday after bouncing off a two-week low of $2,325, amid thin trading due to holidays in the UK and US. Strong US economic data and Federal Reserve signals of a longer timeline to achieve a 2% inflation target have dampened hopes for monetary easing, putting pressure on gold last week. The upcoming US PCE Price Index is expected to show core inflation rising 2.8% year-over-year and 0.3% month-over-month. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Elections and Political Uncertainty – Critical drivers of Gold Demand and the Gold Price READ MORE Oil Prices Decline with Biden's Withdrawal and Fed Rate Cut Prospects READ MORE Post-Biden Exit: Markets Seek Direction from Earnings and Economic Indicators READ MORE US Continuing Jobless Claims Hit Two-Year High, Signaling Labor Market Shift READ MORE Political Uncertainty Drives Britons to Gold, Reports Royal Mint READ MORE Add a Comment Cancel replyYour email address will not be published.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