Gold Holds Recent Rally as Fed Rate Hike Odds Fade Gold has shown an unexpected resilience to market fluctuations, trading within a narrow band of $4,325 to $4,425 per ounce.
This stability is all the more remarkable given the economic uncertainty and geopolitical tensions that have characterized recent times.
The July Consumer Price Index (CPI) report provided a much needed breather for investors. Headline inflation held steady at 3. 4% year over year, while core CPI eased to 2. 5%.