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Precious Metals Preview: Gold Eyes Key US Inflation Reading
(26-Apr-2024, 08:05 Hours IST)
Gold futures recovered from earlier losses an ounce as investors? awaited key US inflation data for insights into the Federal Reserve's monetary policy direction. The commodity has retreated nearly 5% from its April 12 record peak of $2448.80. Meanwhile, Gold trading volumes on Shanghai Futures Exchange have been soaring recently despite the massive record-breaking rally in the metal. The metal consolidates in a range as markets gear up for Friday?s US Personal Consumption Expenditure data.

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