US Inflation Data Surprises, Confuses Gold

Gold prices were mixed during trading today, Wednesday, after recording their biggest drop in a month in the previous session, as high U.S. inflation raised concerns that the Federal Reserve may delay lowering interest rates until after June. Gold fell 1.1% on Tuesday after data showed U.S. consumer prices rose sharply in February, beating expectations

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Powell’s remarks push gold to record highs

Gold prices rose to a record high on Thursday, heading for their seventh straight daily gain, driven by US economic data and Federal Reserve Chairman Jerome Powell’s comments about possible interest rate cuts in the coming months if inflation subsides. Gold continued its record rise, reaching an all-time high of $2161.09 earlier in the session,

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