Gold Holds Steady Near Record High Amid Rate Cut Hopes, Geopolitical Tensions

• Gold prices remained stable near a record high, supported by weaker-than-expected US inflation data.
• The inflation data strengthens the argument for potential Federal Reserve interest rate cuts.
• Bullion traded around $4,595 an ounce on Wednesday, after hitting an all-time high of $4,634.55.
• Geopolitical tensions, including US actions against Venezuela, Trump's threats on Greenland, and Iran protests, are boosting precious metals.
• Citigroup Inc. analysts have raised their gold and silver price forecasts to $5,000 and $100 per ounce respectively for the next three months.

Why It Matters: Gold prices are stable near record highs, driven by inflation data hinting at Fed rate cuts and global tensions.