Editor’s Note
Gold prices rebounded as a mild US inflation report fueled market expectations of Federal Reserve rate cuts, with investors viewing a recent selloff as a buying opportunity.
Gold Reclaims $5,000 as Cooling Inflation Lifts Fed Easing Bets
Gold advanced as traders raised bets on Federal Reserve rate cuts after a tame inflation reading, with some investors taking advantage of Thursday’s sharp selloff to buy the metal at a lower price.
“US inflation was fairly mild at the start of the year, allaying concern about a bigger jump and boosting expectations that the Fed will trim rates.”