New York, December 18:
Gold prices remained steady ahead of the release of critical US inflation data, as investors awaited indicators that could influence Federal Reserve monetary policy. Analysts noted that a lower-than-expected inflation reading could support gold’s safe-haven appeal, while higher figures may trigger rate-hike expectations, impacting precious metal markets.
Meanwhile, silver prices hovered near record highs, driven by strong industrial demand and investor interest in precious metals as a hedge against inflation. Market experts highlighted that ongoing economic uncertainties, combined with supply constraints, have contributed to silver’s sustained rally, making both metals focal points for traders and portfolio managers ahead of the inflation announcement.
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