Gold prices rise in the Asian market as stabilized inflation strengthens rate cut expectations.

Jin10 data reported on September 29, in the Asian early trading session, gold prices rose, as market expectations for a Fed rate cut enhanced the appeal of the non-yielding precious metal. U.S. economic data released last Friday showed that the inflation indicators favored by the Fed met expectations: the year-on-year PCE price index rose from 2.6% to 2.7% in August, while the core index remained stable at 2.9%. The Sukton Financial Research Team commented that these data portray a trend of stabilizing inflation and strengthen market expectations for further easing of monetary policy by the Fed.