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 De-Dollarization: BRICS Shifts $260 Billion Trade Away from Dollar READ MORE Fed's Tightrope Walk: Balancing Inflation Control and Job Market Stability READ MORE LVMH Shines with Record Revenue in Jewelry Sales READ MORE China Pledges Response to Biden Administration’s Expanded Tariffs READ MORE China's Gold Market: Investment Up, Jewelry Down in Second Quarter READ MORE Add a Comment Cancel replyYour email address will not be published.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