💨 Abstract

Gold prices remained stable on Thursday as investors monitored U.S. tariff plans and a key inflation report for monetary policy guidance. The Federal Reserve kept rates steady and Jerome Powell indicated no immediate plans for further cuts. Gold is viewed as an inflation hedge, but higher interest rates diminish its appeal. Investors await the December personal consumption expenditures (PCE) price index report due on Friday. The report will help assess the inflation trajectory.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖