On Monday, gold prices are steadily rising, which is due to expectations of the release of inflation data in the United States. This indicator can significantly affect the decisions of the Federal Reserve System regarding the monetary policy of the United States. Spot gold rose 1.6% to reach $2,675 per ounce, while gold futures increased 1.43% to $2,697. Additional support for gold was provided by the news of the resumption of gold purchases by the central bank of China after a six-month break, which also contributes to the strengthening of precious metal prices. Traders expect the release of US inflation data on Wednesday, which may be a factor determining the Fed's future decision on interest rate changes. If inflation remains at a high level, this may contribute to lower rates, which usually leads to an increase in the price of gold as a safe asset. Given the cooling of the US labor market and the high probability of a 25 basis point rate cut, the price of gold continues to rise, attracting the attention of investors who are looking for protection from economic and political risks.
PAUTAN SEGERA
Hubungi Kami 
