Gold Price: Trimming Gains Amid US Inflation, Finds Support in Softer Dollar

Despite the U.S having robust inflation data that suggested a trimming of gains, the prices of gold found just the right kind of support from a softer dollar. The currency’s drop-in strength meant that gold’s appeal as an alternative asset grew stronger among investors. The precious metal’s price was also responsive to speculations around global cues and political uncertainties, proving again that it remains a reliable store of value against economic volatility. Read More


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