<\/p>\n\n\n\n
Gold prices in Asian trade<\/strong> on Friday inched higher, though they were set for a weekly decline<\/strong>, as investors weighed reduced expectations for a significant Federal Reserve rate cut against geopolitical developments, including U.S.-Russia talks scheduled later in the day.<\/p>\n\n\n\n Spot gold<\/strong> rose 0.3% to $3,344.88 an ounce<\/strong>, while December Gold Futures<\/strong> advanced 0.2% to $3,391.17\/oz<\/strong> by 01:41 ET (05:41 GMT). Despite these gains, bullion was poised to lose roughly 1.5% for the week<\/strong>, mainly following early-week declines triggered by President Donald Trump\u2019s announcement that gold bars would not face tariffs.<\/p>\n\n\n\n U.S. Inflation Data Cools Fed Rate Bets<\/strong> Higher-for-longer interest rates typically weigh on bullion, as they make interest-bearing assets more attractive relative to non-yielding metals.<\/p>\n\n\n\n Geopolitical Focus: Trump-Putin Summit<\/strong> A positive outcome could curb demand for gold as a safe-haven asset<\/strong>, whereas failed negotiations or heightened geopolitical tensions could spur bullion buying.<\/p>\n\n\n\n Other Precious Metals<\/strong><\/p>\n\n\n\n Platinum Futures edged up 0.2% to $1,367.20\/oz.<\/p>\n\n\n\n Silver Futures remained largely flat at $38.073\/oz.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices in Asian trade on Friday inched higher, though they were set for a weekly decline, as investors weighed reduced expectations for a significant Federal Reserve rate cut against geopolitical developments, including U.S.-Russia talks scheduled later in the day. Spot gold rose 0.3% to $3,344.88 an ounce, while December Gold Futures advanced 0.2% to …<\/p>\n","protected":false},"author":9,"featured_media":103762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-117769","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=117769"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117769\/revisions"}],"predecessor-version":[{"id":117770,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117769\/revisions\/117770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/103762"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=117769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=117769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=117769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Gold fell 0.6% on Thursday<\/strong> after July\u2019s U.S. Producer Price Index<\/strong> exceeded expectations, tempering market bets for an outsized rate cut by the Fed next month. Earlier in the week, milder consumer inflation data had bolstered expectations of a September cut, but following the PPI release, the probability of a quarter-point reduction slipped from near certainty, while expectations of a half-point move also diminished.<\/p>\n\n\n\n
Markets also monitored Friday\u2019s summit in Anchorage, Alaska, between U.S. President Donald Trump<\/strong> and Russian President Vladimir Putin<\/strong>. Trump has warned of \u201csevere consequences\u201d if progress toward peace in Ukraine is blocked.<\/p>\n\n\n\n