Gold Prices Fall Amidst Rising US Inflation, Rate Cut Doubts

Gold's price is falling this week because inflation in the US is higher than expected.

This makes it less likely that the Federal Reserve will lower interest rates soon.

Since gold often does well when interest rates are low, the news is not good for gold prices.

Although it's down this week, gold is still worth more than it was at the start of the year, largely due to worries around the world and central banks buying gold.

Uncertainty over US tariffs on gold bars also recently impacted the market.