Gold Prices Waver as Markets Await Inflation and Fed Signals Gold prices remained constrained within a narrow range, marking a potential second consecutive week of decline, amidst market anticipation of further insights on U.S. interest rates. Investors are keenly focusing on upcoming key inflation data and the Federal Reserve meeting. Contrastingly, copper prices are on track for a robust weekly performance, buoyed by China’s latest stimulus measures that bolstered demand prospects for the metal. The improvement in risk appetite, spurred by China’s economic actions and record highs on Wall Street, has somewhat weakened gold’s appeal. Additionally, a strengthening dollar, following better-than-expected gross domestic product data, has applied pressure on gold, maintaining its price within a $2,000- $2,050 range. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Interest Rate Outlook: Fed Plans Cautious Cuts After Inflation Assessment READ MORE Expect Higher Interest Rates Through the End of 2024. Fed Blames ‘Lack of Progress’ on Inflation READ MORE The Psychology of Inflation READ MORE Larry Fink joins Jamie Dimon and Jerome Powell is sounding the alarm on ‘snowballing’ national debt: ‘The situation is more urgent than I can ever remember’ READ MORE Add a Comment Cancel replyYour email address will not be published.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