Gold Prices Dip in Anticipation of Pivotal U.S. Inflation Report Gold prices saw a slight decline as investors and traders turned their attention to the upcoming U.S. inflation data, expected to be released this week. This data is significant as it could potentially affect the Federal Reserve’s decisions on interest rate cuts. Spot gold fell by 0.5% to $2,025.91 an ounce, while U.S. gold futures experienced a 0.6% drop to $2,036.60. The focus is particularly on the U.S. personal consumption expenditure (PCE) price index, the Federal Reserve’s preferred inflation measure, which is anticipated to show a 0.4% monthly increase. Analysts suggest that higher-than-expected PCE data might exert downward pressure on metal prices, though gold is expected to stay above the $2,000 mark unless the economic data released this week is exceptionally high. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Price Predictions Skyrocket: Wall Street Banks See Record Highs READ MORE Tax Season and Rising Debt Costs Push U.S. February Deficit Wider READ MORE ECB Hints at Future Rate Cuts, Distances Policy from U.S. Federal Reserve READ MORE NYSE Resolves Software Glitch After Erroneous 99% Stock Drop Displays READ MORE Central Banks Fuel Gold's Ascent to Unprecedented Levels READ MORE Add a Comment Cancel replyYour email address will not be published.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