Story perspectives
Gold Steady Amid Inflation Worries; Rate Cuts Uncertain
1/14/2025
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Story summary
- Gold prices hold steady at $2,690.49 per ounce, driven by inflation worries and robust employment growth.
- Federal Reserve Governor Christopher Waller advocates for interest rate cuts, despite inflation risks from proposed tariffs.
- Recent employment statistics indicate the Fed might postpone rate cuts, with markets expecting no changes in the next meeting.
