Analyst: Gold price mildly rising, market waiting for reaction to PPI data.

Gold prices rose slightly on Wednesday as the US dollar weakened, with investors waiting for clearer trade negotiations between the US and its trading partners, as well as another round of PPI inflation data that could provide further guidance on the Fed's policy outlook. Independent analyst Ross Norman said, "currently the dollar is weakening ahead of the release of US PPI data, as traders take a cautious stance following recent gains, leading to a moderate increase in gold prices." However, Ajay Kedia, head of Kedia Commodities, stated that despite the new tariffs imposed by Trump, the gold market has already broken through the $3400 mark several times. Earlier, ANZ Bank predicted in a report, "in the short term, gold prices may consolidate before rising again to $3600 per ounce by the end of the year."