💨 Abstract

Gold prices increased on Friday due to expectations of a Federal Reserve interest rate cut next month, with the U.S. Producer Price Index (PPI) data awaited for further direction. Spot gold rose 0.5% to $2,641.70 per ounce and U.S. gold futures gained 0.7%. The dollar index fell, making gold more attractive for other currency holders. Market participants are currently seeing an 84.4

Courtesy: theprint.in

Summarized by Einstein Beta 🤖