Gold firms below 10-week high as markets brace for US CPI data

Gold prices experienced a notable increase on Wednesday as market participants anticipated essential inflation data. Worries about oil-induced inflation, stemming from unrest in the Middle East, kept the markets on edge. In light of recent job reports, traders lowered their predictions for a potential Federal Reserve rate hike next month. Furthermore, the Indian markets regulator is considering the extension of rules for vault managers handling bullion.