Gold price rallies on weak US inflation despite hawkish Fed tiltGold's price spiked during the North American session on Friday after inflation data in the United States (US) increased investors' hopes of the Federal Reserve (Fed) cutting interest rates later this year.
Source: Gold price rallies on weak US inflation despite hawkish Fed tilt (https://www.fxstreet.com/news/gold-price-surges-over-13-as-soft-us-inflation-data-fuels-rate-cut-hopes-202406142044)