Gold Holds Ground Above $2,512 Amid Mixed Economic Signals

Gold prices are maintaining a bullish trend above $2,512 despite headwinds from rising US Treasury yields and a strong US Dollar. The recent CPI report showing cooling inflation has increased expectations of a modest 25-basis-point rate cut by the Federal Reserve. While gold faces resistance at $2,539, it could potentially rally to $2,548 if momentum persists. However, shifting risk sentiment and China’s economic challenges may limit gold’s upside. The market remains sensitive to upcoming economic data and Fed decisions, with gold’s resilience reflecting underlying economic uncertainties.