Gold Drops as Traders Eye US Inflation Data

Gold drops as traders eye US inflation data

Gold prices in Pakistan fell on Tuesday, mirroring losses in the international market, where the yellow metal edged lower as traders assessed tariff developments and awaited key economic data. A major US inflation report kept expectations for interest rate cuts intact, limiting the downside. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola settled at Rs358,300 after declining by Rs500. The rate for …

Gold Notches Small Gain as US Inflation Data Aids Rate-Cut Bets

Gold extended a modest gain, following a US inflation reading that was in line with expectations and reinforced wagers on the Federal Reserve cutting interest rates next month.

Gold rises as US CPI is mixed, while Trump comments boost rate cut prospects

Gold price recovered some ground on Tuesday, climbing 0.20% following the release of July’s inflation print in the United States (US). Although prices had risen, Bullion’s was supported by US President Donald Trump's remarks threatening the Federal Reserve’s (Fed) independence.