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Forex

Gold Prices Surge as US Dollar Eases Ahead of Inflation Data

Guavy AI Editorial Team
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USD
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The price of gold has increased by 0.6% to $4,432.79 per ounce as the US dollar weakens ahead of inflation data releases.

Investors are watching closely for the upcoming producer and consumer price index reports on Thursday and Friday respectively, which could influence expectations around the Federal Reserve's next policy move.

Guru Chris Weston from Pepperstone Group said gold remains locked in a battle between buyers and sellers without enough conviction to drive a sustained directional move.

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