Gold Prices Rangebound Ahead of Key U.S. Inflation Data, Fed Decision Gold prices remained stable within a narrow range on Wednesday as investors awaited U.S. consumer inflation data and the Federal Reserve’s interest rate policy announcement. Spot gold slightly dipped to $2,314.56 per ounce, while U.S. gold futures rose to $2,331.10. The market is focused on the Fed’s stance on rate cuts, influenced by persistent inflation and strong job market data. Additionally, recent strong U.S. job reports and China pausing gold purchases led to gold’s biggest daily drop since November 2020. Despite high prices, Asian demand for gold continues to rise. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Beans: The New Investment Craze Among China's Youth READ MORE Bullion Takes a Breather: But Gold Stays Above $2,500 READ MORE World Gold Council: Examining the US Election's Effect on Gold READ MORE 3,000-Year-Old Phoenician Gold Artifact Discovered in Jerusalem READ MORE Oil Prices Rise Amid Global Tensions and Economic Stimulus READ MORE Add a Comment Cancel replyYour email address will not be published.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