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.
Tag:
US Economy
-
-
The gold market is experiencing a period of volatility as investors grapple with mixed signals from the US economy and renewed geopolitical tensions in the Middle East. Following its first two-week decline of 2024, gold prices edged higher on Monday, reflecting this complex economic and political landscape.