Gold

15 July 2024
Gold slips as dollar strengthens; investors await Fed rate signals

Spot gold prices decreased by 0.2% to $2,407.29 per ounce as of 0049 GMT. Concurrently, U.S. gold futures saw a 0.4% decline to $2,411.20. Learn how the firming dollar, spurred by political uncertainties and an attack on U.S. presidential candidate …

9 July 2024
Gold edges higher as focus turns to Fed Powell’s testimony

Gold prices experienced a slight uptick on Tuesday, reflecting cautious optimism among investors as they await critical economic updates. Spot gold rose by 0.2%, reaching $2,364.03 per ounce.

3 July 2024
Gold rises as dollar weakens; attention turns to U.S. Fed minutes

Gold prices saw a modest rise on Wednesday, gaining 0.1% to $2,331.41 per ounce by 0026 GMT, while U.S. gold futures rose 0.3% to $2,340.50. This increase comes as the U.S. dollar weakened, making gold more affordable for holders of …

1 July 2024
Gold holds steady as slowing inflation bolsters expectations of Fed rate cuts

Key points Fed Chair Powell speech due on Tuesday China’s June factory activity contracts again, services slows Palladium up 1.1% Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start …

25 June 2024
Gold prices edge lower in anticipation of key US inflation data 

Key points:  Upcoming US inflation data including first-quarter gross domestic product (GDP) and the personal consumption expenditures (PCE) price index report will be released later this week.   These reports are crucial in revealing inflation trends and can change the …

21 June 2024
Gold prices steady with rate cut speculations

Gold on track for its second straight weekly gain. Weak U.S. economic data boosts Fed rate cut expectations. Gold prices remained stable on Friday, maintaining momentum for a second consecutive weekly gain. This trend is driven by weak economic data …

19 June 2024
Gold rises as prospects of Fed Rate cut enhance its appeal

Key points: Further US economic weakness expected to lift gold prices. May US retail sales softer than anticipated. Weekly jobless claims data due on Thursday. Gold prices edged higher on Wednesday following weaker-than-expected US retail sales data, bolstering hopes that …

11 June 2024
Gold prices tumble against strong US jobs data and rate cut uncertainty 

Key points:  Gold prices fell 4.5%, dropping below $2,300 per ounce after strong US jobs data.  Non-farm payrolls surged to 272,000 in May, far exceeding expectations.  Upcoming US inflation data and Fed interest rate decision will determine market sentiment.  Gold …

10 June 2024
Strong nonfarm payrolls report throws rate cut timeline of the Federal Reserve into question 

Key points:  US nonfarm payrolls exceed expectations with 272,000 new jobs in May.  Strong job gains complicate the trajectory of the anticipated rate cut by the Federal Reserve.  A high interest rate prospects boost the US dollar and impact gold …

7 June 2024
Gold set for first weekly gain in three weeks as US dollar, yields decline

Key points: Weaker labor data could boost gold prices, according to analysts. The U.S. non-farm payrolls data is due at 1230 GMT. Gold is expected to reach another record high this year. Gold prices held steady on Friday and were …

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