💨 Abstract

Gold prices slipped on Wednesday due to an increase in U.S. consumer prices, suggesting the Federal Reserve might maintain higher interest rates. However, trade war concerns mitigated the losses. Spot gold eased 0.2% to $2,893.87 per ounce, while U.S. gold futures fell 0.4%. The CPI data, showing a 0.5% rise, diminished expectations for future rate cuts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖