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US inflation data

Gold Heads For 3rd Annual Loss

Gold prices hit 2-week high, rises to Rs 78,978 per 10 gram ahead of US inflation data

December 11, 2024 3:58 PM by Neal Bhai

Gold prices surged past Rs 78,978 to a two-week high on Wednesday, driven by rising geopolitical tensions and expectations of a U.S. Federal Reserve rate cut next week, as investors awaited the closely watched U.S. inflation report later in the day.

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  • Holders of HDB’s unlisted shares face losses as IPO is priced 40% lower
  • Spot Gold Price fell below $3,360 per ounce (Friday, June 20, 2025)
  • Silver’s breakout year: Why It’s Shining Brighter Than Gold in 2025
  • Gold Prices Dip Slightly but Hold Steady Amid Strong US Dollar and Global Risks
  • Federal Reserve is expected to leave the policy rate unchanged for the fourth consecutive meeting

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