Gold Prices Climb as Market Awaits Fed's Inflation Decisons

Gold prices edged up on Monday as U.S. Treasury yields eased, with investors focusing on upcoming inflation data that could influence the Federal Reserve’s interest rate decisions. Spot gold rose 0.3% to $2,327.58 per ounce, while U.S. gold futures increased 0.4% to $2,340.00. Analysts suggest that if U.S. economic data confirms a soft landing, it could allow the Fed to cut interest rates, potentially supporting gold prices to reach $2,600 per ounce by year-end.