24 Hrs
Source:
Sharjah24
Gold drops before US inflation report
Gold prices declined on Monday after reaching a seven-week high, falling by 0.3% to $4,330.46 per ounce. Investors opted to sell to lock in profits ahead of the upcoming US inflation data, which is expected to provide new clues about the future path of interest rates. In the short term, gold remains supported above the $4,300 level, while market expectations continue to focus on inflation data and its potential influence on the Federal Reserve's decisions.
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