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 Fed's Tightrope Walk: Balancing Inflation Control and Job Market Stability READ MORE Gold plummets to near $2,400 as profit-booking kicks in, US Dollar advances READ MORE "You're Going To See Something More Devastating Than 2000 or 2008" – Mike Maloney READ MORE Gold Breaks Election Year Norms Amid Heightened Global Tensions READ MORE Should I Invest in Bullion or Numismatic/Collectible Coins? READ MORE Add a Comment Cancel replyYour email address will not be published.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