Gold Prices Edge Up Amid Steady US Inflation

Gold prices have inched up following the release of US inflation data for August. The Consumer Price Index (CPI) rose by 0.4%, meeting market expectations. However, core inflation was slightly higher than forecasted, which may prompt the Federal Reserve to raise interest rates next week.

This potential rate hike poses a challenge for gold's price momentum despite its initial gains. Investors remain cautious as inflation remains elevated but stable.