Gold Prices Rebound Slightly, Investors Eye Fed's Preferred Inflation Gauge Gold prices recovered slightly on Friday after a sharp decline the previous day, with investors awaiting key U.S. inflation data that could influence the Federal Reserve’s interest rate decisions. Despite the modest gain, gold is down 1% for the week and 4.5% from its recent record high, pressured by strong U.S. economic growth data. While demand in China has weakened due to high prices and seasonal factors, India’s gold market has been boosted by a reduction in import taxes. The precious metal remains up 15% for the year, with its price currently fluctuating between key moving averages. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Economy Defies Expectations: GDP Grows 2.8% in Q2 READ MORE Stocks Rise; Key Economic Updates and Corporate Earnings on the Horizon READ MORE Silver Soars 2% on 'Double Bottom' Breakout, Eyes YTD Highs READ MORE Dollar Rallies After Volatile Week; Yen Hovers Near Historic Lows READ MORE Inflation Squeeze: Gen Z Turns to Parents and Budget Cuts to Survive READ MORE Add a Comment Cancel replyYour email address will not be published.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