Gold focused on US inflation | Gold News

August US inflation, which will be announced today, is expected to have an impact on gold prices.

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.

It is thought that the US inflation rate to be announced today will have an impact on gold prices.

An ounce of gold started the day at $2516. The lowest level during the day was $2515 and the highest level was $2522.

Gram gold started the day at 2751 lira. The lowest level during the day was 2746 lira and the highest level was 2762 lira. It is currently being traded at 2761 lira.

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