inflation
Gold prices have surged nearly 28 percent this year, reaching a record high of $2,790.15 on October 31
The dollar index dipped 0.09 percent to 108.16, making bullion more attractive for other currency holders
In the past year, gold prices have gained over 27 percent, positioning bullion for its most successful year since 2010
Approximately 70 percent of Japan’s GDP is derived from the services sector
Expectations of fewer cuts in 2025 pushed gold prices to their lowest since November 18 last week
Gold prices have lost around 2 percent so far this week
Investor sentiment was impacted after the central bank signaled fewer rate cuts next year
The initiative provides accurate data on GDP, inflation, foreign investment, and infrastructure rankings
Market focus is on the bank's economic projections and the dot plot which may offer additional insights into the monetary policy trajectory
CPI illustrates fluctuations in prices that consumers pay for a predetermined basket of goods and services, which includes 490 distinct items
Traders are pricing a 93.4 percent chance of a quarter-point cut during the Fed's December 17-18 meeting
