Gold prices saw a 1.2% increase at $1,955.66 per ounce on 12 July, nearly reaching a one-month high. It reflects a market response to signs of cooling inflation in the US. US gold futures also rose to $1,960.30 per ounce. The Consumer Price Index (CPI) increased by 3.0% annually through June, recording the smallest annual increase in over two years. The market now forecasts a 91% chance of a 25-basis-point Fed rate hike later this month, while some traders suggest this could potentially mark the end of the rate hike cycle.
Source: https://miningdigital.com/articles/barricks-kibali-gold-mine-rolls-out-a-new-10-year-plan
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