Gold falls on US inflation data

Gold prices fell with the August US inflation announced today.

While gold investors are focusing on the Fed’s interest rate cut, the idea that the interest rate cut is priced in has begun to strengthen in the markets.

Having broken a historical record of $2,531, the ounce of gold has been moving in a narrow range for a while now.

Gold prices started to fall after the US inflation figures announced today.

The ounce of gold started the day at $2516. The lowest level during the day was $2515 and the highest level was $2522. After the US inflation data, the ounce of gold fell to $2505.

Gram gold started the day at 2751 lira. The lowest level during the day was 2746 lira and the highest level was 2762 lira. After the US data, it fell to 2742 lira.

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