Gold Stabilizes as Attention Turns to US Inflation Data

  • International
  • 28 May 2024
1

Gold prices stabilized on Tuesday as investors took a cautious approach ahead of important US inflation data that may provide more clues about the Federal Reserve's policy path.

Spot gold remained unchanged at $2,351.39 an ounce after rising 1 percent in the previous session. U.S. gold futures rose 0.8 percent to $2,352.30. Investors await the April report of the US core personal consumption expenditure price index due on Friday, the Federal Reserve's preferred inflation measure.

Source (Al-Arabiya.net Website, Edited)

 

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