Gold price plummets as traders cash in on hot US PPI
Gold prices saw a significant decline as traders reacted to unexpectedly strong U.S. Producer Price Index (PPI) data. The hotter-than-expected inflation figures bolstered expectations of a more hawkish Federal Reserve, prompting investors to offload gold holdings in favor of safer cash positions. Spot gold dropped nearly 1%, falling below the key $1,900 per ounce level. […]
Gold Will Shine in Bearish Year Ahead for Commodities, ING Says
Gold is poised to shine as a standout asset in what is expected to be a challenging year for commodities, according to ING. Analysts from the bank forecast gold prices to benefit from safe-haven demand and a shift in investor focus, even as other raw materials face headwinds from slowing global growth. The outlook comes […]
India gold price today: Gold steadies, according to FXStreet data
Gold prices in India remained stable today, as investors weighed global economic uncertainties and domestic factors. According to data from FXStreet, the precious metal showed little movement, holding steady despite fluctuations in global markets. This stabilization follows a period of volatility in which gold had seen sharp movements due to shifting geopolitical tensions and fluctuating […]
Gold price bulls opt to take some profits off the table amid rising US bond yields
Gold prices dipped on Wednesday as investors locked in profits amid a surge in US Treasury yields. The shift comes after the precious metal’s recent rally to multi-month highs, fueled by economic uncertainty and geopolitical tensions. The 10-year Treasury yield climbed above 4.5%, reaching its highest levels in weeks, offering an attractive alternative to gold, […]
Gold skyrockets as US inflation suggests Fed easing ahead
Gold prices have skyrocketed as US inflation data suggests that the Federal Reserve may ease its monetary policy soon. The latest inflation figures have fueled investor optimism, driving demand for gold as a safe-haven asset. Analysts believe that the rising inflation could prompt the Fed to adopt a more accommodative stance, which would support higher […]
Gold price extends corrective slide from over two-week top; focus remains on US CPI report
Gold prices continue to retreat from their recent highs, maintaining a downward trajectory as traders await the latest U.S. consumer price index (CPI) data. The precious metal had reached a two-week peak earlier this week, but the rally was short-lived, giving way to the current correction. The focus is now on the U.S. CPI, which […]
Gold Holds Advance as Traders Count Down to US Inflation Figures
Gold prices remained firm in anticipation of the latest US inflation figures, with investors carefully weighing the data’s potential influence on Federal Reserve policy. The precious metal traded within a tight range, reflecting caution among traders amid uncertain market conditions. Analysts have noted that gold’s resilience underscores its appeal as a hedge against inflation and […]
Gold price climbs as traders await US CPI data
Gold prices edged higher, reflecting growing anticipation for the upcoming U.S. Consumer Price Index (CPI) report. Traders are closely monitoring the data as it could influence the Federal Reserve’s monetary policy stance. Rate cut expectations have already lent support to the precious metal, pushing it closer to multi-month highs. The market is increasingly optimistic that […]
Pound, gold, and oil prices in focus: Commodity and currency check, 10 December
The pound showed modest weakness against major currencies on December 10, as investors balanced concerns over potential central bank tightening with lingering global growth uncertainties. The British currency traded lower against the dollar and euro, reflecting heightened caution ahead of economic data releases later this week. Market participants are watching interest rate expectations closely, given […]
Silver Price Forecast: XAG/USD nears $32 hurdle amid Fed rate cut speculation
Silver prices have surged, with XAG/USD nearing the $32 mark, driven by market speculation over potential Federal Reserve rate cuts. Investors are closely monitoring economic data, suggesting the Fed may ease its monetary policy sooner than expected to counter slowing growth and tame inflation. This has bolstered demand for precious metals, often seen as safe-haven […]