
Gold rebounds on soft U.S. inflation, fueling bets on Fed rate cuts
Gold climbed over 2% after January CPI rose 0.2%—below expectations—reigniting bets the Fed will cut rates this year, with spot prices near $5,030/oz and April futures around $5,051/oz. Silver also rose about 2% to $76.88/oz, while January jobs data showed 130,000 new hires. Markets estimate roughly 63 basis points of cuts this year, with the first move expected in July per LSEG. China’s gold demand stayed strong ahead of Lunar New Year, and India saw a discount market.












