India, June 11 -- As the much-awaited U.S. CPI data came in below estimates, expectations for the Federal Reserve to cut interest rate in the coming months increased. As a result, the U.S. dollar went down and the price of gold edged slightly higher on Wednesday.
Front month gold for June delivery inched up 40 cents or less than a tenth of a percent to settle at $3321.30 per troy ounce today.
Meanwhile, front month Silver for June delivery fell 37.6 cents or 1.0 percent to settle at $36.166 per troy ounce today.
Today, the US Court of Appeals for the Federal Circuit in Washington, D.C., allowed Trump's tariffs to remain in effect - for now - as it reviews a lower court decision to block them. In essence, for the time being, the global ec...