Gold Prices Await Fed's Inflation Report, US Economy Slows
Update: 2025-11-24
Description
Gold prices held steady as investors awaited economic data, potentially influencing the Federal Reserves interest rate decisions. The US personal consumption expenditures price index is a key indicator, with a softer number possibly boosting gold prices towards $2,350. A stronger inflation report could cause gold to retreat towards $2,300. Lower interest rates typically make gold more attractive. Business activity in the US and Eurozone slowed, suggesting a weakening global economy, which could generally be positive for gold prices as a safe haven during uncertain times. Silver, platinum, and palladium also experienced slight declines.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
