India, Aug. 29 -- Gold prices advanced on Friday, reaching a record high and posting a strong monthly gain after today's soft inflation numbers boosted US Fed rate cut anticipation.
Front Month Comex Gold for September delivery jumped by $41.90 (or 1.22%) to $3,473.70 per troy ounce today. Gold gained $180.50 (or 5.48%) per troy ounce for this month. Gold prices have been up for two consecutive weeks, hitting a record high today.
Front Month Comex Silver for September delivery surged by $1.01 (or 2.58%) to $40.200 per troy ounce today. Silver gained $3.6480 (or 9.98%) per troy ounce for this month. Silver prices have been up for two consecutive weeks and four consecutive months.
In April, US President Donald Trump imposed a baseline tari...