C4G: 01-20-25 AM: Gold Prices Near One-Month High

Gold prices firmed near one-month highs on Thursday, following softer-than-expected U.S. inflation data. The core Consumer Price Index (CPI) rose by 0.2% in December, below the anticipated 0.3%, increasing the likelihood of two Federal Reserve rate cuts this year, with the first potentially in June. Lower interest rates tend to benefit gold by reducing the opportunity cost of holding non-yielding assets.

This development has led to cautious optimism among investors as gold's appeal strengthens in a lower interest rate environment. Market participants are closely monitoring economic indicators and Federal Reserve communications for further signals that could influence gold's trajectory in the coming months.

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Gold’s chemical symbol is “Au,” from the Latin word “aurum,” meaning “shining dawn,” and its atomic number is 79.