Gold prices fall as US inflation data awaits


https://www.saba.ye/en/news3424227.htm

Yemen News Agency SABA
Gold prices fall as US inflation data awaits
[15/ January/2025]

Singapore - Saba:

Gold prices fell on Wednesday, as a US consumer inflation report could provide more insight into the path of US interest rates.

Spot gold fell 0.1 percent to $2,672.76 an ounce, while US gold futures rose 0.3 percent to $2,689.70, Reuters reported.

Gold extended gains yesterday after the producer price index rose on an annual basis in December, slightly boosting hopes that the Federal Reserve would continue to cut interest rates this year.

As for other precious metals, spot silver fell 0.3 percent to $29.81 an ounce, palladium lost 0.3 percent to $935.89, while platinum was steady at $935.92.