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 Ron Paul Urges End to Fed, Don't Tax the Rich READ MORE True Inflation May Have Peaked in Late 2022 READ MORE Silver Prices Dip as Prospects of Early Fed Rate Cuts Diminish READ MORE U.S. Economic Momentum Slows, S&P Surveys Indicate READ MORE NYSE Glitch Shows Berkshire Hathaway Down 99%, Trading Halted READ MORE Add a Comment Cancel replyYour email address will not be published.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