Gold prices rose by 0.71% to settle at ₹78,710, supported by softer-than-expected core consumer inflation data in the US, which bolstered expectations of a less restrictive monetary policy from the Federal Reserve. Annual core consumer inflation unexpectedly slowed, and headline CPI showed no aggressive upside surprises, reinforcing market sentiment for a possible Fed rate cut as early as July instead of September.
Gold Gains as Cooling US Inflation Boosts Hopes for Less Restrictive Fed Policy.www.thealgotechnology.com
