Inflation Data Fuels Gold Rally Amid September Rate Cut Hopes

Gold prices have rebounded as investors remain optimistic about potential U.S. Federal Reserve interest rate cuts in September. Recent inflation data and comments from Fed officials have strengthened expectations of monetary policy easing, driving gold prices close to record highs. While the market anticipates a rate cut, uncertainty persists regarding its magnitude. Traders are closely monitoring economic indicators and Fed signals, with gold finding support from the prospect of lower interest rates, which typically boost the appeal of non-yielding assets like precious metals.

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