Gold Nears Record High Following Soft US CPI; Silver Reaches New Peak Above $90 per ounce
Gold Prices Edge Closer to Record High After Softer US Inflation Data
Gold prices moved close to their all-time highs after the latest US Consumer Price Index data showed inflation cooling more than expected. The softer CPI reading strengthened market hopes that the US Federal Reserve may start cutting interest rates sooner than anticipated, pushing investors toward safe-haven assets.
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