Gold Prices Fall Over 1% This Week As US Inflation Strengthens Rate Hike Expectations
Gold prices declined more than 1% this week after stronger US inflation data boosted expectations of further Federal Reserve rate hikes.
US Fed Holds Rates Steady At 3.5–3.75%; Powell Signals Caution On Cuts
US Federal Reserve keeps interest rates unchanged. Chair Jerome Powell says rate cuts will depend on sustained progress in lowering inflation.
