Gold Price Stability Amid US Inflation Data Anticipation
By
Marcelo da Silva Conceição
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Gold remains steady after significant gains, with traders eagerly anticipating the US inflation data for indications on potential changes in interest rates by the US Federal Reserve. The bullion traded in a narrow range following a substantial rally last week, driven by lower dollar and 10-year Treasury yields. This surge in gold has surprised many investors, adding to the anticipation surrounding the forthcoming inflation print.