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Gold Rises After U.S. Inflation Data
Thursday, 16 January 2025 18:49 WIB | GOLD |GOLD

Gold rose to its highest in a month after a surprise slowdown in U.S. inflation revived expectations for a Federal Reserve interest rate cut this year.

Bullion traded at more than $2,700 an ounce after the consumer price index — which excludes food and energy costs — rose 0.2% after a 0.3% increase over four months.

That suggests U.S. officials may have room to ease policy sooner than previously thought.

Source: Bloomberg

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