Gold Set for Weekly Dip as U.S. Inflation Fears Weigh on Market Sentiment Gold is on track for a weekly loss as U.S. inflation worries dampen demand, despite a modest increase ahead of critical inflation data due this Friday. The anticipated personal consumption expenditures index is expected to confirm that March continued to see high price pressures. Heightened inflation has raised doubts about the Federal Reserve’s ability to lower borrowing costs, which has boosted Treasury yields—a negative for gold, which yields no interest. Compounding concerns, a recent report showing U.S. GDP growth falling short of expectations has reignited fears of stagflation, characterized by slow growth and high inflation. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Walmart and Target Cut Prices Amid Persistent Inflation Concerns READ MORE As Dollar Rises, China's Central Bank Continues Gold Buying Spree READ MORE Household Debt Climbs but Economy Shows Signs of Robust Growth READ MORE S&P 500 Hits 20th Record Record High in 2024 READ MORE Trump Assassination Attempt Fuels 'Trump Trade' Surge in Global Markets READ MORE Add a Comment Cancel replyYour email address will not be published.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