Gold prices were supported this Wednesday, June 11, 2025 by lower-than-expected inflation data that reinforced the belief of investors that the American Federal Reserve will begin to cut interest rates by September. Thus, prices increased by up to 0.5%

Spot gold rose 0.5% to $3,337.49 per ounce at 09:09 ET (13:09 GMT), after increasing 1% earlier in the session. US gold futures rose 0.5% to $3,358.80

Data showed that the consumer price index rose by 0.1% last month, following a rise of 0.2% in April. In the 12 months to May, the CPI rose by 2.4%, after rising 2.3% in April

Economists polled by Reuters expected the CPI to rise by 0.2% and 2.5% year-on-year.

According to the CME FedWatch tool, traders currently expect a 68% probability that interest rates will fall in September by the American central bank.

The market is now focused on US producer price index data, which will be released on Thursday ahead of the Fed meeting on June 17 and 18.

Cash fell 0.7% to $36.32 per ounce. Platinum rose 3.8% to $1,268.12, its highest level since 2021. Palladium gained 1.1% to $1,072.25