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Gold Nears Two-Month High Ahead of Wednesday's CPI Report
What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… Gold pushed toward $4,450 an ounce Tuesday, its best level in about two…
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Gold rose to about $4,450 an ounce on Tuesday, its highest level in roughly two months. The climb was driven by a stalled U.S.-Iran deal that keeps the Strait of Hormuz closed, supporting higher oil prices. Traders are awaiting Wednesday’s U.S. consumer price index report, which could influence expectations for a September Federal Reserve rate hike. Silver also advanced, surpassing $65 for a second consecutive day and reaching a seven‑week high.
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