interest rate
Gold prices started the session under pressure but managed to rebound, supported by a pullback in U.S. Treasury yields
In the U.S. stock market, futures were up 0.2 percent in early trading and were on track for a fourth day of gains
Bullion has lost 1.5 percent so far this week as stronger-than-expected U.S. inflation data dampened hopes for a larger rate cut
Expectations that U.S. interest rates may stay elevated for longer capped oil's gains
Inflation in 2025 is projected to range between 25 percent and 29 percent according to forecasts
The U.S. Consumer Price Index for July reported a modest annual inflation rate increase of 2.7 percent
Traders are betting on the possibility of a 50-basis-point Fed rate cut in September, pushing the dollar lower, lifting gold prices and driving yields down
Trump has warned of “severe consequences” if Putin refuses to agree to peace in Ukraine
Markets are currently pricing in a 94.2 percent chance of a 25-basis-point cut in September
U.S. inflation data met expectations, influencing traders' outlook on potential Fed rate adjustments
Asian markets surged with Japan’s Nikkei hitting record highs
