Gold Dips Ahead of US Data, Fed Minutes; Investors Eye Rate Cut Signals

• Gold prices slipped marginally on February 16, hovering near Rs 1.55 lakh, as investors await key US economic data and the Federal Reserve’s January meeting minutes.
• The domestic price of silver on MCX declined by 0.74 percent, opening at Rs 1,54,743 per 10 grams of 24-carat purity.
• Gold recovered some losses on Comex, trading at $5,013 per ounce after an initial sharp fall, still down 0.65 percent from its previous close.
• Weaker-than-expected US inflation data reinforced expectations of Fed easing, with nearly 50 percent odds of a third rate cut by December.
• Geopolitical risks and potential inflationary impacts from renewed tariff threats continue to influence safe-haven demand for gold.