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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.
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Key points: U.S. job openings fell to a three-year low, signaling potential economic slowdown. Treasury yields declined, while the dollar and safe-haven assets saw gains. The U.S. economy’s recently robust performance may be starting to wane, as indicated by the …
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