Gold Prices Rise as Markets Eye Critical U.S. Inflation Report

25.01.15

Gold prices gained momentum as both the U.S. dollar index and Treasury yields retreated, with spot prices rising 0.4% to $2,687.59 per ounce and futures climbing over 1% to $2,710.00. Markets are particularly focused on upcoming CPI data, expected to show annual inflation increasing to 2.9% from Novemberโ€™s 2.7%. According to Saxo Bankโ€™s Ole Hansen, market uncertainty is heightened by both the pending inflation data and political considerations, including Trumpโ€™s proposed import tariffs that could impact inflation and complicate the Federal Reserveโ€™s rate decisions. Despite Tuesdayโ€™s moderate PPI increase, analysts suggest rate cuts may not materialize until the second half of the year.

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