Gold Steadies After Tame US Inflation Data Eases Rate-Hike Bets
AI Summary
Gold prices steadied near $4,400 an ounce after US inflation data came in subdued, easing near-term pressure on the Federal Reserve to raise interest rates. This reflects cautious market sentiment around monetary policy adjustments.
Gold steadied near $4,400 an ounce after a subdued US inflation report relieved near-term pressure on the Federal Reserve to hike interest rates.
Markets Commodities gold price US inflation Federal Reserve interest rates market sentiment commodities market