💨 Abstract

Gold prices rose slightly on Wednesday as investors awaited the U.S. consumer price inflation report, which could influence the Federal Reserve's interest rate path. The report, due at 1330 GMT, is expected to show an annual increase of 2.9% and a monthly rise of 0.3%. If the data is higher, it could potentially lower gold prices as it may indicate a more hawkish Fed stance.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖