Gold heads for monthly decline, US inflation data looms
· economictimes.indiatimes.com
On Wednesday, gold prices remained stable, although they are poised for a monthly decline. Market participants are scrutinizing US inflation metrics to gauge the Federal Reserve's upcoming policies. The anticipated rise in interest rates is impacting gold alongside other precious metals. Additionally, a significant drop in consumer confidence has emerged amid worries over economic stability and tensions in the Middle East.
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