Gold prices surging higher to test resistance at $4,100 following sharp drop in U.S. inflation

Gold prices rebounded toward $4,100/oz after a sharp easing in inflation pressures. The move is expected to give the Federal Reserve room to keep interest rates unchanged through the second half of the year, supporting non-yielding assets like gold.

Analysis

Gold prices rebounded toward $4,100/oz after a sharp easing in inflation pressures. The move is expected to give the Federal Reserve room to keep interest rates unchanged through the second half of the year, supporting non-yielding assets like gold.