Inflation Reports to Determine Gold's Trajectory: All Eyes on CPI and PPI Gold prices are holding steady as investors await crucial U.S. inflation data this week, which will influence expectations for the Federal Reserve’s upcoming interest rate decision. The Consumer Price Index (CPI) due on Wednesday and Producer Price Index (PPI) on Thursday are key indicators that could sway the Fed’s decision between a 25 or 50 basis point rate cut. Currently, traders see a 75% chance of a 25-basis-point cut at the Fed’s meeting next week. The market’s reaction to these inflation figures could potentially push gold to new all-time highs if the data suggests a more aggressive rate cut, while even a 25-basis-point cut scenario is expected to maintain gold’s strong position. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts China's Gold Market: Investment Up, Jewelry Down in Second Quarter READ MORE Gold Investors Eye Friday's Payrolls Data for Fed Policy Clues READ MORE S&P 500 Could Halve as Market Bubble Bursts, Warns Top Strategist READ MORE Silver Tumbles Over 5% as Investors Flee to Cover Stock Losses READ MORE High Oil Prices Halt Biden's Plan to Replenish Strategic Reserve READ MORE Add a Comment Cancel replyYour email address will not be published.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