💨 Abstract
Gold prices rose on Tuesday due to a weak U.S. dollar, safe-haven demand, and investor concerns over trade tensions and slowing economic growth due to U.S. President Trump's tariffs. The U.S. Consumer Price Index (CPI) data is awaited to gauge the Federal Reserve's policy path. Gold is seen as a hedge against political risks and inflation, but higher rates reduce its appeal.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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