Gold Holds Above $4,400 as Fed Hike Bets Fade
Gold prices have held above $4,400 after softer U.S. CPI data reduced expectations for a September Fed rate hike.
The outlook for gold remains positive due to lower inflation, increased ETF inflows, and ongoing geopolitical concerns.
The upcoming U.S. Producer Price Index report is crucial, as it could either support the disinflationary trend or raise concerns about rising Treasury yields.