Limited gold profit as U.S. CPI cools unexpectedly

In an unexpected turn of events, the U.S. Consumer Price Index (CPI) has cooled down more than anticipated. Consequently, the precious metal market has seen a limited profit-taking in gold prices. Experts speculate that this cooldown in inflation could be temporary. However, it provides a respite for investors and potentially an opportunity for those who wish to enter the gold market. Even as profit-taking is limited, the outlook for gold remains strong given the recent economic trends. Moreover, the unpredictability of the inflation index indicates that gold, as a safe haven, retains its allure for investors. Consequently, the appeal of gold in investment portfolios continues to be robust. Read More