Due to the slowdown in inflation in the United States, the gold price has nearly reached its highest level in a month.

The gold price stayed near its highest level in a month on Friday after data suggested a relaxation of price pressures in the United States, while traders awaited remarks from several Federal Reserve officials. Spot gold rose 0.1% to $2,046.09 per ounce at 0420 GMT after reaching $2050.59 on Thursday - the highest level since Feb. 2. American gold futures remained stable at $2,054.60

Data showed on Thursday that PCE inflation in January rose by 2.4%, the lowest annual increase since February 2021, after rising 2.6% in December. American central bankers are focused on the overall progress in inflation, which they say will likely set the stage for interest rate cuts later in

Spot platinum rose 0.8% to $882.60 per ounce, and palladium rose 0.7% to $948.38 per ounce. Cash rose 0.5 percent to $22.79