Gold Retreats as Dollar Gains Strength; Investors Eye Nvidia and U.S. Inflation Data Gold prices retreated by 1% on Wednesday, influenced by a strengthening dollar and market uncertainty ahead of crucial economic events. Investors are closely watching Nvidia’s earnings report and upcoming U.S. inflation data, which could provide insights into the Federal Reserve’s future interest rate decisions. Despite this dip, gold remains up 21% year-to-date, supported by rate cut expectations, safe-haven demand, and central bank purchases. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Unexpected Dip in US Jobless Claims Signals Robust Labor Market READ MORE De-Dollarization: BRICS Shifts $260 Billion Trade Away from Dollar READ MORE Zimbabwe Eyes Gold-Backed Currency to Fortify Financial Stability READ MORE How a Second Trump Presidency Could Influence U.S. Inflation Rates READ MORE LVMH Shines with Record Revenue in Jewelry Sales READ MORE Add a Comment Cancel replyYour email address will not be published.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