Gold Prices Waver as Markets Await Inflation and Fed Signals Gold prices remained constrained within a narrow range, marking a potential second consecutive week of decline, amidst market anticipation of further insights on U.S. interest rates. Investors are keenly focusing on upcoming key inflation data and the Federal Reserve meeting. Contrastingly, copper prices are on track for a robust weekly performance, buoyed by China’s latest stimulus measures that bolstered demand prospects for the metal. The improvement in risk appetite, spurred by China’s economic actions and record highs on Wall Street, has somewhat weakened gold’s appeal. Additionally, a strengthening dollar, following better-than-expected gross domestic product data, has applied pressure on gold, maintaining its price within a $2,000- $2,050 range. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts HSBC: Commodity Markets Are in a ‘Super Squeeze’ READ MORE July Sees Growth in Gold and Silver Stocks in London Vaults READ MORE American Wallets Fight Back: How Consumer Resistance is Curbing Inflation READ MORE Inflation Woes from Pandemic Keep Fed's Rate Cuts on Hold READ MORE When I Buy From GoldSilver, How Can I Pay for My Gold or Silver? READ MORE Add a Comment Cancel replyYour email address will not be published.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