💨 Abstract

Gold prices increased on Friday due to expectations of a Federal Reserve rate cut next month, with market participants waiting for the U.S. Producer Price Index (PPI) report. Spot gold rose 0.6% to $2,644.16 per ounce and U.S. gold futures gained 0.8% to $2,661.40. The dollar index decreased, making gold more attractive to other currency holders.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖