Analyst: Gold prices rise moderately, market awaits PPI data response

According to a report by Golden Finance, gold prices rose moderately on Wednesday as investors awaited clearer trade negotiations between the United States and its trading partners due to the weakening of the US dollar, as well as another PPI inflation data that may provide further guidance for the Federal Reserve's policy outlook. Independent analyst Ross Norman said, 'Currently, the US dollar is weakening ahead of the release of US PPI data, as traders have taken a cautious stance after recent gains, which has led to a moderate rise in gold prices.'. ” However, Ajay Kedia, the director of Kedia Commodities, stated that despite Trump's updated tariffs, the gold market has repeatedly fallen below the $3400 mark. Previously, ANZ Bank predicted in a report that "in the short term, gold prices may consolidate and then rise again to $3600 per ounce before the end of the year