💨 Abstract

Gold prices stabilized on Thursday after reaching over a month high, boosted by lower U.S. core inflation data indicating a possible interest rate cut. However, a ceasefire between Israel and Hamas limited further gains. The U.S. dollar slipped, and the prospect of Fed rate cuts this year increased following the data. Silver, palladium, and platinum experienced minor losses.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖