Latest figures released by the U.S. Bureau of Statistics show that inflation increased by 3% over the last year, with the consumer price index also rising by 0.3% in September. This announcement saw the price of gold surge to $4,088.52 an ounce as many investors turned to the precious metal to hedge against rising inflation.
Looking ahead, analysts expect gold to remain sensitive to upcoming economic data, including the Fed’s policy meeting and future inflation prints. A confirmed rate cut could provide fresh momentum for the metal, while any signs of persistent inflation may trigger renewed volatility. Companies like Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) with interests in…
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