Economic TimesLean R·
Gold little changed with US inflation data in sight
Gold prices hold their fort as traders keenly anticipate key inflation data that will influence interest rate strategies of the US central bank. Economists suggest the Federal Reserve will likely maintain current rates this year, while today’s focus also shifts to the European Central Bank, poised to hike rates. Ongoing geopolitical tensions and fluctuating economic indicators continue to sway the precious metals market.
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