Gold prices fell more than 1% on Friday (28/2) as the dollar held near its highest level in two weeks after US inflation data matched expectations, suggesting the Federal Reserve may be cautious about additional interest rate cuts.
Higher interest rates stoked the appeal of gold that did not provide an unbalanced yield. However, gold as a safe haven asset is set for a second straight monthly gain, driven by concerns over Trump's tariff plans.
Source: Newsmaker.id
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