Gold Edges Higher as Cooler Inflation Data Reinforces Fed Rate Cut Expectations

25.03.12

Gold prices rose slightly (0.1%) to $2,917.93 per ounce on Wednesday. Two main factors supported gold: uncertainty about future tariffs and a positive inflation report that suggests the Federal Reserve might cut interest rates soon. The latest inflation numbers showed prices increased by only 0.2% in February, much lower than…

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