Gold prices surged by approximately 1% on Friday, marking their strongest monthly performance since April. This increase was fueled by U.S. inflation data, reinforcing expectations of a potential Federal Reserve interest rate cut next month. Spot gold reached $3,443.19 per ounce, while silver and platinum also saw gains.
from Economic Times https://ift.tt/CSXd6ME
from Economic Times https://ift.tt/CSXd6ME
Gold on track for best month in four as inflation data bolsters rate cut bets
![Gold on track for best month in four as inflation data bolsters rate cut bets]()
Reviewed by News Today
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August 30, 2025
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