Gold Rises on Trade War Fears, Now Keep eyes on US PPI data

Gold Price Rises to near $2,650 [09-12-2024]

Gold price (Yellow Metal) trades with mild gains around $2,645 during the early Asian session on Monday. The renewed geopolitical tensions in the Middle East and Federal Reserve (Fed) rate cut expectations support the yellow metal. The US Consumer Price Index (CPI) for November will be in the spotlight on Wednesday. 

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Jerome Powell-led FOMC meeting begins today

The Fed is in no Hurry to Cut Interest Rates

Gold (XAU/USD) started the new week under bearish pressure and fell by nearly 1% on Monday. Speaking at the annual meeting of the National Association for Business Economics, Federal Reserve (Fed) Chair Jerome Powell refrained from giving any new hints about the next policy move.

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