Gold price rallies and surpasses $2,400 on tempered US inflationGold prices skyrocketed sharply during Thursday's North American session after the release of the Consumer Price Index (CPI) in the United States opened the door for the Federal Reserve (Fed) to lower borrowing costs.
Source: Gold price rallies and surpasses $2,400 on tempered US inflation (https://www.fxstreet.com/news/gold-price-surges-on-weak-us-inflation-data-fed-rate-cut-expectations-grow-202407111857)