Branch² Intelligence
Gold edges higher on soft US inflation, Gulf conflict clouds rate outlook
Key takeaway
Gold edges up as US inflation data softens, easing rate hike fears.
- Step 1US inflation data softens, reducing Fed rate hike expectations.
- Step 2Dollar weakens, gold prices rise; oil prices rise on Middle East conflict.
- Step 3Indian gold import costs become volatile; fuel and logistics costs increase for SMEs.
Source: IN:Economic Times
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