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 Economists Put Recession Odds at 40% READ MORE Gold Prices Dip in Anticipation of Pivotal U.S. Inflation Report READ MORE Fed’s Powell: Elevated inflation will likely delay rate cuts this year READ MORE World Gold Council: Gold Demand Trends Full Year 2023 READ MORE T+1 Transition Troubles: How the Fast Pace of US Stocks Could Disrupt Currency Trades READ MORE Add a Comment Cancel replyYour email address will not be published.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