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Gold bullion firms on US inflation data
Business World Philippines
|September 29, 2025
GOLD gained on Friday after US inflation data came in line with expectations, reinforcing bets that the US Federal Reserve may continue with interest rate cuts later this year.
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Spot gold rose 0.8% to $3,778.62 per ounce as of 1:30 p.m. EDT (1730 GMT), after hitting a record $3,790.82 earlier in the week. The metal has risen about 2.5% this week. US gold futures for December delivery settled 1% higher at $3,809.
“Monthly PCE data is in line, though personal income and spending were a tenth above expectations. Nothing from this data will prevent the Fed from carrying on with another cautious rate cut at the October meeting,” said Tai Wong, an independent metals trader.
Cette histoire est tirée de l'édition September 29, 2025 de Business World Philippines.
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