💨 Abstract

Gold prices stabilized on Monday, retreating from recent record highs, as the market expects a smaller interest rate cut by the U.S. Federal Reserve next month and awaits inflation data for further guidance on policy easing. Spot gold is currently at $2,651.48 per ounce. The market is now waiting for the minutes of the Fed's last policy meeting and U.S. Consumer Price Index and Producer Price Index data this week.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖