Gold Rises on US Rate Cut Expectations
Singapore, 12 Sep (ONA) —- Gold prices firmed today after
US inflation data all but guaranteed a Federal Reserve rate cut next
week, while traders awaited more economic data from the US.
Spot gold was up 0.4 percent at USD 2,521.29 per ounce, while US
gold futures edged 0.3 percent higher to USD 2,548.90.
Data on Wednesday showed that US consumer prices rose marginally in
August 2024, but underlying inflation showed ...