💨 Abstract

Gold prices rose on Wednesday as the U.S. dollar dipped following softer-than-expected core inflation data, rekindling expectations of further Federal Reserve rate cuts. The dollar index eased, making bullion more attractive for other currency holders, while the benchmark 10-year Treasury yields also slipped. The Fed is now expected to deliver 40 basis points worth of rate cuts by year-end.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖