Gold remains steady ahead of US inflation figures
The price of gold settled at around $4,652.39 per ounce, after reaching its highest level in over three months during the previous session. Investors are awaiting the upcoming US inflation data. Market expectations support the likelihood of stable US interest rates, especially as the July Personal Consumption Expenditures (PCE) index report—Federal Reserve's preferred inflation measure—is anticipated. The inflation results are expected to influence the trajectory of gold prices and interest rates.
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