Gold prices traded near an all-time high during Monday’s session on September 22, amid anticipation of economic data and remarks from U.S. Federal Reserve officials.
Gold futures for December delivery rose by about 0.6 percent to $3,727.2 per ounce, while spot gold increased by 0.3 percent to $3,692.79 per ounce.
Markets are currently focused on the release of the U.S. Personal Consumption Expenditures Index, the Fed’s preferred gauge of inflation. The Federal Reserve had previously cut interest rates by 25 basis points, while warning of persistent inflationary pressures, raising doubts about the pace of future monetary easing.
