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Gold prices down in Tuesday's early trade
Aya El Sayed Published in Amwal Al Ghad on 10 - 09 - 2024

Gold prices fell on Tuesday early trade, as investors looked ahead to the upcoming US inflation report, which could influence expectations regarding the scale of a potential interest rate cut by the Federal Reserve.
Spot gold dropped by 0.09 per cent to $2,503.99 per ounce by 7:11 GMT. While US gold futures was up 0.02 per cent to $2,533.10.
Market focus will shift to the US Consumer Price Index (CPI) data set for release on Wednesday, followed by the Producer Price Index (PPI) report on Thursday. A Reuters poll suggests the headline CPI is anticipated to have increased by 0.2 per cent month-on-month in August, maintaining the same rate as in July.
Attribution: Amwal Al Ghad English, Reuters

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