Gold is declining globally and awaits inflation data

date of publication :

Thursday

09:12 2023-1-12

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Gold prices stabilized globally, today, Thursday, after touching their highest levels in 8 months, yesterday, Wednesday.

Investors are looking forward to inflation data that may affect the course of monetary policy of the Federal Reserve (US Central Bank).

And gold settled in spot transactions at $ 1877.51 an ounce, while gold futures contracts in the United States were settled, up 0.1%, at $ 1878.9 an ounce.

Dealers expect by 77% that the US Central Bank will raise the main interest rate by 25 basis points, and they expect it to peak at 4.92% by June. ( investing )