business π° Gold nears two-month high ahead of CPI report
Gold pushed toward $4,450 an ounce on Tuesday, reaching its best level in about two months. This surge happened as traders awaited a Wednesday CPI report, with U.S.-Iran deal talks stalling. Economists expect the July CPI to show 0.1% headline inflation and 3.4% annually. The market is weighing cooling jobs data against oil-driven inflation risks before the Fed meeting. Meanwhile, China's central bank continued its massive gold buying spree in July. π