inflation
If the PCE data reveals that inflation is slowing and the Fed can cut rates in September, gold prices will likely surge
In a bid to boost demand, India slashed import duties on gold and silver from 15 percent to 6 percent
Price rises in the food & beverages sub-component eased to a still-elevated 5.6 percent down from 6.1 percent in May
Foreign currency inflows into the local market have jumped by about 200 percent
The Central Bank wants more evidence that inflation is still on track to reach the 2 percent target by the end of 2024
The bank noted that "the current monetary stance is appropriate to support the sustained moderation of inflation."
Fed officials noted that the path toward looser monetary policy has become shorter
For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects
Food and beverage prices increased by 1.1 percent, driven by a 6.5 percent rise in vegetable prices
Fed Chair Powell expressed confidence that inflation is returning to the central bank's target of 2 percent
Gold prices surged above the $2,400 level after data showed unexpected decline in U.S. inflation
