![Gold Climbs After 4-Day Decline as Investors Await Inflation Data](/sites/default/files/styles/wide/public/images/id5476626-GettyImages-1227918179-700x420.jpg?itok=V6Q9VovG)
Gold prices increased during early trade on Thursday ahead of U.S. inflation data and amid geopolitical tensions, breaking away from a multi-day downward trend. “While Fed cuts seem likely, 140 bps could still be overly optimistic in my view. Core CPI is still roughly twice the Fed’s target and employment data remains strong,” Mr. Simpson said. “Financial conditions have eased markedly on the back of the bond market rally but market expectations of policy rate cuts seem excessive—a concern some Fed officials have voiced since the December meeting—and the tensions around the Suez Canal have highlighted how continuing geopolitical…