Gold Gains Ground as Weak CPI Fuels Rate Pause Bets
Gold gained slightly above $2915 amid weak US CPI data. Read Till End
Subdued Inflation Boosts Gold
The U.S. Consumer Price Index (CPI) for February 2025 showed a 0.2% increase in the month, with the all-items index 2.8% higher on a year-over-year basis and the core CPI 3.1% higher. The key drivers were a 0.3% rise in the shelter index, a 4.0% decline in airline fares, and a 1.0% fall in gasoline prices, as well as a 0.2% increase in the energy index on higher electricity and natural gas prices. This data, indicating relatively flat but slightly below-target inflation, can influence Federal Reserve interest rate policy and the valuations of currency and stock markets
Signal
It is good to Buy on dips around $2930 with a stop-loss at $2900 for a target price of $2960.
