Gold Wavers as Market Awaits Inflation Data Ahead of Fed Meeting
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Gold fluctuated as traders are eying US inflation due later this week that may shed light on the path of the Federal Reserve’s rate-cutting cycle.
Bullion traded a little above $2,500 an ounce. Investors await US consumer price index and producer price index figures due Wednesday and Thursday, respectively, which could play into the Federal Reserve’s thinking on a widely expected interest rate cut.