Gold gains as dollar retreats ahead of Fed's inflation gauge
WEB2 days ago · Spot gold rose 0.3% to $2,637.31 per ounce by 0930 GMT. U.S. gold futures gained 0.6% to $2,654.30. The U.S. Producer Price Index data and speeches from several Fed officials are expected later in ...
Gold Holds Drop Before Inflation Data as Traders Weigh Rate Path
WEB3 days ago · Gold snapped a sixth-day decline as traders mulled the size of the Federal Reserve’s interest-rate cuts for the rest of the year following mixed inflation and labor data in the US.
Gold snaps losing streak ahead of US inflation print | Reuters
WEB3 days ago · Oct 10 (Reuters) - Gold prices recovered slightly on Thursday to snap a six-session losing streak, while traders remain focused on a key U.S. inflation reading for insights on a potential rate ...
Gold Advances as Traders Mull Fed Rate Cut Bets After US Data
WEB3 days ago · Spot gold was up 0.6% at $2,623.98 an ounce as of 9:07 a.m. in New York, below an all-time high of $2,685.58 in September. The Bloomberg Dollar Spot Index fell 0.1% after an eight-day winning streak.
Gold retreats on strong dollar, fading hopes of big US rate cut
WEB6 days ago · Spot gold fell 0.2% to $2,648.21 per ounce by 1:51 p.m. ET (1751 GMT), off a record peak of $2,685.42 hit on Sept. 26. U.S. gold futures settled 0.1% lower at $2,666.00. A line chart titled "Spot ...
Gold Steadies Ahead of Inflation Data as Traders Await Rate Cut
WEBSep 10, 2024 · Gold fell after a key economic report showed underlying US inflation unexpectedly picked up in August as housing costs accelerated, lowering the possibility of an outsize Federal Reserve...
Gold Climbs to a Record as US Data Bolster Fed Rate Cut Case
WEBSep 12, 2024 · (Bloomberg) -- Gold climbed to a record after another faster-than-forecast US inflation print and an uptick in applications for unemployment benefits did little to alter bets that the Federal...
Gold’s hitting new records again. Here’s what it means for ... - CNN
WEBSep 25, 2024 · The most actively traded gold futures contract has hit repeated highs this year, most recently notching a fresh record of $2,687.30 on Tuesday before retreating. That comes after the Federal...
Gold Slips After Rise in Core Inflation Dims Odds of a Jumbo Cut
WEBSep 11, 2024 · (Bloomberg) -- Gold fell after a key economic report showed underlying US inflation unexpectedly picked up in August as housing costs accelerated, lowering the possibility of an outsize Federal...
Will gold's price drop as inflation cools? Experts weigh in
WEBSep 12, 2024 · Experts say gold's price will likely continue to increase even as inflation cools — at least for the foreseeable future. Here's why. Interest rates and gold tend to move inversely