inflation

Gold prices surged on Wednesday, reaching their highest level in nearly a month, as data indicated cooling inflation and sluggish retail sales in the United States. These figures bolstered expectations of an interest rate cut by the Federal Reserve later this year, which typically strengthens the appeal of gold.

The price of gold is on hold as investors await the outcome of the Federal Reserve meeting and the release of key US jobs data. The Fed is expected to maintain its hawkish stance on interest rates, while a strong jobs report could further dampen gold prices. However, potential upside factors include increased buying from Asia and a weakening US dollar.

Gold prices skyrocketed to a record high on Monday, surpassing the $2,265 mark per ounce in pre-market trading. This surge comes amid…

The Canadian stock market rose on Friday, as a surge in copper prices helped offset the impact of higher-than-expected inflation data from…