Gold prices subdued as traders await Fed rate outlook cues

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Home Business Gold prices subdued as traders await Fed rate outlook cues 09-09-2024 10:00 AM Ammon News - Gold prices edged lower on Monday, as investors awaited U.S. inflation print due this week to strengthen their bets on the size of a likely reduction in Federal Reserve's interest rates. Spot gold ticked lower by 0.2% to $2,492.54 per ounce, as of 0541 GMT. U.S. gold futures edged 0.1% lower to $2,526.10. Major data points this week include the August U.S. Consumer Price Index (CPI) due on Wednesday, followed by Producer Price Index (PPI) on Thursday. Spot silver fell 0.5% to $27.81 per ounce, platinum gained rose 0.9% to $929.65 and palladium was up 0.5% to $914.73. Reuters

Home Business

Gold prices subdued as traders await Fed rate outlook cues

09-09-2024 10:00 AM

Ammon News - Gold prices edged lower on Monday, as investors awaited U.S. inflation print due this week to strengthen their bets on the size of a likely reduction in Federal Reserve's interest rates.

Spot gold ticked lower by 0.2% to $2,492.54 per ounce, as of 0541 GMT. U.S. gold futures edged 0.1% lower to $2,526.10.

Major data points this week include the August U.S. Consumer Price Index (CPI) due on Wednesday, followed by Producer Price Index (PPI) on Thursday.

Spot silver fell 0.5% to $27.81 per ounce, platinum gained rose 0.9% to $929.65 and palladium was up 0.5% to $914.73.

Reuters

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