(Bloomberg) — Gold and silver hit records on Tuesday after a weaker-than-expected US inflation reading, while markets kept a close eye on the Trump administration’s renewed attacks on the independence of the Federal Reserve.
inflation data
Gold Prices Likely To Stay in Correction Mode Ahead of Key US, China Economic Data – Analysts Warn
Gold prices are expected to remain in a corrective phase in the coming week ahead of the crucial US inflation data, continuing uncertainties over trade tariffs and key economic numbers from China, analysts said.
Dollar Gives Up Weekly Gains after U.S. Reports Soft Consumer Inflation Data
The dollar was poised for a third weekly gain on Friday after positive U.S. economic data lowered expectations for rate cuts by the Federal Reserve anytime soon.