Get Today’s Updates on Gold. On This Page You Will Find The Latest News About The Gold. For Extra Info:-https://www.bullionsignals.com/.
Gold Dropped As Investors Continued To Reassess The Monetary Policy Prospects.
Gold closed lower by -0.24% at 62294 as investors reevaluated monetary policy prospects following economic data and comments from bankers.
The US Consumer Price Index (CPI) data, with a 0.2% month-over-month increase in December, slightly below the initial estimate, and the expected 0.3% rise in the core CPI, confirmed a gradual cooldown in price pressures.
China’s central bank slowed its gold purchases at the beginning of the year, but it remains on track to potentially exceed its last significant buying spree nearly eight years ago.
