Gold holds modest gain as inflation data aids US rate-cut bets

Most notably, the month-on-month US dollar inflation was zero percent, marking a complete halt in price increases and a 0,3 percentage point drop from the previous month.

Gold held a modest gain following a US inflation reading that was in line with expectations and reinforced wagers on an interest-rate cut next month.

Bullion was steady after closing 0.2% higher in the previous session, following a report that showed underlying US inflation accelerated to the strongest since the start of the year — though a tepid rise in goods prices eased concerns about tariff-driven pressures.

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