Gold Prices Steady Amid Inflation Data and Dollar Strength

📰 Key Update of the Day

Gold prices remained steady as recent U.S. inflation data came in mixed and the dollar strengthened, limiting bullion’s upside.

🔍 Quick Summary

The latest inflation report showed core prices rising moderately, which tempered expectations for aggressive Federal Reserve rate hikes. This supported the U.S. dollar, keeping gold range-bound near $1,920 per ounce. Investors balanced inflation concerns against stronger dollar dynamics, resulting in subdued gold volatility.

📈 Impacted Stock / ETF

SPDR Gold Shares (GLD) traded sideways with low volatility amid cautious investor sentiment.

🧭 What This Means

Investors may hold gold as a hedge but remain cautious due to dollar strength. Near-term price moves could stay muted until clearer inflation or Fed signals emerge. Risk appetite may sway between safe-haven demand and currency impacts.