Gold holds steady ahead of inflation data
Gold prices stabilized at the start of Asian trading today, with spot gold around $4,396.69 per ounce. Meanwhile, U.S. futures contracts declined by 0.4%, settling at $4,440.80. This comes as investors await upcoming U.S. inflation data, which could influence the Federal Reserve's future interest rate decisions. Additionally, prices of other precious metals remained steady, with platinum and palladium slightly up, while prices continue to be closely linked to inflation expectations and economic variables in the United States.
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