Gold prices rose in global markets today amid growing expectations that the U.S. Federal Reserve may move to cut interest rates in the coming period, following inflation data that came in below market forecasts.
Gold prices rose during Asian trading on Wednesday, reaching their highest levels in a week. The upward movement was driven by a weaker U.S. dollar and increased investor demand for safe-haven assets amid ongoing financial uncertainty in the United States, lawmakers are debating a comprehensive tax reform bill
Gold prices continued to fall globally on Thursday, May 8, despite warnings the U.S. Federal Reserve about the growing risks of rising inflation.
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