Gold prices remained steady above $2,400 per ounce on Friday, poised for a third consecutive weekly gain. This stability comes as investors grow increasingly confident that the Federal Reserve will soon cut interest rates, following unexpected declines in U.S. consumer prices. Despite a hotter-than-expected producer price index report causing some profit-taking, the overall sentiment remains bullish. Markets are now pricing in a 96% chance of a rate cut in September, which would reduce the opportunity cost of holding non-yielding gold. While gold and silver have shown strength, platinum and palladium are set for weekly declines, with long-term bearish outlooks due to declining autocatalyst demand.