Gold prices are steady after the release of U.S. CPI data. The data was muted, and as a result, gold prices have held their ground.
Further information on this development is available from KITCO. Details on the gold prices and the U.S. CPI data can be found through this source.
The stability in gold prices suggests that the market is not reacting strongly to the U.S. CPI data. For more specific information and analysis, readers can refer to the source.
The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran. New data out Friday showed annual inflation remained unchanged in August, still well above the central bank’s target 2 percent rate. ...
