Gold looks well supported as US PPI and CPI growth fails to fade ...

Aug 11, 2023 · Daily Digest Market Movers: Gold price looks supported despite robust US PPI growth. Gold price gauges support near $1,912.00 after a sheer sell-off. Still, the downside …

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Gold Looks Well Supported As US PPI And CPI Growth Fails To Fade ...

2 weeks from now

Aug 11, 2023 · Daily Digest Market Movers: Gold price looks supported despite robust US PPI growth. Gold price gauges support near $1,912.00 after a sheer sell-off. Still, the downside …

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Gold Sticks To $1,910 Support As Slightly Hot CPI Fails To ... - FXStreet

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Sep 13, 2023 · Gold price tests territory below the crucial support of $1,910.00 as US inflation data for August turned out stickier than anticipated. US headline CPI, on an annual basis, rose …

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Gold (XAU) Price Forecast: CPI Data Fuels Rate Cut Bets, Will PPI ...

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Dec 12, 2024 · Inflation Data Fuels Rate Cut Expectations. Gold recently hit a five-week high, supported by the latest US Consumer Price Index (CPI) data, which indicated a 0.3% monthly …

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Gold Price Firmer Amid Mixed US PPI Data, Fed’s Uncertain

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May 14, 2024 · April’s Consumer Price Index (CPI) is projected to remain unchanged compared to March’s reading at 0.4% MoM. The core CPI is expected to resume its lower trend from 0.4% …

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Gold Price Largely Ignores Strong Rise In U.S. PPI - KITCO

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Mar 14, 2024 · inflation producer inflation PPI us economy gold prices gold Federal Reserve interest rates. Share. Disclaimer: ... Goldman Sachs now sees $3,000/oz gold only next year …

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Gold Prices Forecast: Eyes On Next Week’s CPI, PPI Reports

2 weeks from now

Jan 7, 2024 · The upcoming CPI and PPI reports are critical. Forecasts suggest a potential rise in the headline CPI by 0.3% month-on-month, with core CPI (excluding food and energy prices) …

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FAQs about Gold looks well supported as US PPI and CPI growth fails to fade ... Coupon?

Will the CPI and PPI affect gold prices?

In conclusion, gold traders should brace for a week where economic reports, especially the CPI and PPI, could significantly sway market sentiments. These reports will not only influence the Federal Reserve’s rate decision but also shape the U.S. Dollar’s strength and Treasury yields, directly affecting gold prices. ...

Will US CPI data affect gold?

US Consumer Price Index (CPI) data for July, is to be released on Wednesday, and could further color expectations regarding future changes to interest rates. This, in turn, could impact Gold. US CPI is expected to have risen by 0.2% in July compared with the previous month, both for headline and core. ...

Will strong inflation market figures affect the upcoming CPI & PPI reports?

However, the strong inflation market figures might modify these odds. The upcoming CPI and PPI reports are critical. Forecasts suggest a potential rise in the headline CPI by 0.3% month-on-month, with core CPI (excluding food and energy prices) also expected to increase by a similar margin. ...

Will the CPI and PPI sway gold market sentiments?

Such outcomes could impact the timing and scale of anticipated interest rate cuts. In conclusion, gold traders should brace for a week where economic reports, especially the CPI and PPI, could significantly sway market sentiments. ...

Will a new all-time high for gold prices wait a little longer?

"The uptick in core CPI has more or less cemented at 25 bps cut next week ... A new all-time high (for gold prices) may have to wait just a little longer," said Tai Wong, a New York-based independent metals trader. Markets will now look towards the U.S. producer price index reading and initial jobless claims due on Thursday. ...

What are the upcoming CPI and PPI reports?

The upcoming CPI and PPI reports are critical. Forecasts suggest a potential rise in the headline CPI by 0.3% month-on-month, with core CPI (excluding food and energy prices) also expected to increase by a similar margin. These figures, if realized, would indicate a cooling inflation trend but still above the Fed’s 2% annual target. ...