Gold Prices Surge Ahead of US CPI Data
Gold advances as softer core CPI data revives Fed easing hopes
Gold prices extended gains on Wednesday, as the dollar dipped after U.S. core inflation data came in softer than expected, abating inflation pressures and rekindling expectations that the Federal Reserve's easing cycle may not be over yet.
Gold prices rise after benign US CPI data; dollar weakens
Spot gold rose 0.1% to $2,6675.90 an ounce, while gold futures expiring in February rose 0.3% to $2,690.91 an ounce by 23:59 ET (04:49 GMT). Markets were now focused squarely on upcoming consumer price index inflation data, due later on Wednesday, for more cues on interest rates.
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Press Trust of India on MSN3h
Gold rallies Rs 500 to Rs 81,300 per 10 gm, silver soars Rs 2,300Gold prices rallied Rs 500 to hit over a two-month high of Rs 81,300 per 10 grams in the national capital on Thursday amid ...
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