Gold steadies at $4,424 per ounce
Gold's price settled today, Monday, at approximately $4,424 per ounce, despite traders awaiting important U.S. inflation data that will be released soon. Investors are trying to understand the trajectory of interest rates at the Federal Reserve. This comes amid mixed price performance, with U.S. gold futures contracts declining by 0.1% to around $4,472. Expectations suggest that gold prices will remain near their current levels, with a possibility of weekly gains, especially as the dollar weakens and global financial markets experience tensions.
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