Gold Prices Remain Flat Amid Focus on Inflation Data

Washington, 11 Dec (ONA) --- Gold prices traded mostly flat today as investors looked forward to a critical U.S. inflation print that could influence chances of a widely expected Federal Reserve's interest rate cut next week and offer more cues on their 2025 outlook.

Spot gold held its ground at $2,693.80 per ounce, as of 1038 GMT, having hit its highest since Nov. 25 earlier in the session. U.S. gold futures rose 0.2% to $2,724.10.

Markets are keenly watching upcoming U.S. inflation data, as a 25-basis-point Fed rate cut next week is largely anticipated.

Analysts expect the core Consumer Price Index (CPI) to rise 0.3% month-on-month and 3.3% annually.

Gold is poised for a potential boost if the CPI aligns with expectations, according to analysts.

---Ends/Thuraiya/AG