Gold Prices Decline as Markets Await US Inflation Data
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Gold prices are focused on the consumer price index, which will be released today, following yesterday's US producer inflation. What is expected to be decisive in yesterday's prices will be the inflation data to be announced today.
The price of an ounce of gold started the last trading day of the week at $4.323. In the markets, eyes are turned to inflation data for August, which will be released today in the United States.
(Dan Tri Newspaper) - World gold prices are under pressure from rising oil prices and US bond yields. The market is focusing its attention on a series of US inflation data, a factor that could influence the Fed's interest rate decision.
Gold Prices Decline as Markets Await US Inflation Data
Marsad Al Dahab reported that gold prices declined in the Egyptian market and on global exchanges during Thursday’s trading, pressured by rising US Treasury yields and investor caution ahead of inflation data that could reshape expectations for US interest rates.
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