Gold prices rise slightly after weekly losses; inflation in focus
Investing.com-- Gold prices rose slightly in Asian trade on Monday, recouping some of last week’s losses as traders remained cautious towards metal markets ahead of a key U.S. inflation reading this week.
rose 0.3% to $4.7720 a pound, as a speculative frenzy, which had fueled a rally to record highs in May, now wound down. Markets were also awaiting more cues from top copper importer China, especially on how Beijing planned to fund and execute a swathe of recently unveiled stimulus measures.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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