Gold prices slightly decreased to $3,741.71 per ounce as stronger U.S. economic data tempered expectations for Federal Reserve rate cuts, boosting the dollar. Investors are keenly awaiting U.S. inflation data for further market direction. New tariffs imposed by President Trump also add to the economic landscape, while other precious metals saw mixed movements.
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions
Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts.
July 1, 2026