Market Awaits Inflation Data as Gold Prices Rise Gold prices rose on Monday as traders anticipated key U.S. inflation data and potential interest rate cuts by the Federal Reserve. Spot gold increased by 0.6% to $2,444.79 per ounce, while U.S. gold futures rose by 0.4% to $2,483.70. Investors are considering a 49% chance of a 50 basis point rate cut in September, with upcoming inflation data expected to influence this decision. Analysts suggest that lower-than-expected inflation could lead to record highs for gold prices. Geopolitical tensions and volatility in other markets continue to support gold’s appeal as a safe-haven asset. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts JP Morgan: Is It a Golden Era for Gold? READ MORE Strong U.S. December Job Growth Questions Potential March Fed Rate Cut READ MORE MetalsDaily – We need to talk about China… READ MORE Second Quarter Sees Unexpected Boost in Worker Efficiency, Moderating Wage Growth READ MORE China’s Gold Market Thrives in April with Record ETF Inflows READ MORE Add a Comment Cancel replyYour email address will not be published.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