Gold steady as Fed official rules out 2027 rate hike

Gold prices stabilize after a two-day decline, following remarks by a Federal Reserve official indicating the possibility of raising interest rates again this year without the need for further monetary tightening in 2027, boosting investor sentiment. The global gold price is near $4,155 per ounce, with a slight decrease of 0.1%. Meanwhile, markets are leaning toward expecting a potential rate hike by the Fed, with attention directed toward the upcoming consumer price index data, which will determine the trajectory of future monetary policy.

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