Gold prices gain ground after US PPI inflation sparks fresh

1 day ago · Gold prices edged higher on Tuesday after data from the United States (US) showed that prices paid by producers cooled off. This kept traders hopeful for additional monetary policy easing by the ...

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Gold Prices Forecast: Edging Higher But Rangebound As Traders …

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Jan 10, 2024 · Impact of U.S. Inflation Report Traders are keenly focused on the upcoming U.S. CPI report, which is expected to show a 0.2% rise in headline inflation for December and a …

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Gold Price Edges Higher As Traders Eye US Inflation And Debate

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Sep 10, 2024 · Gold prices advanced in the mid-North American session on Tuesday, gaining some 0.30% as traders braced for the crucial August inflation report from the United States …

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Gold Dips As Traders Await US Inflation Data For Fed Rate Cut Cues

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May 12, 2024 · Traders are now pricing in about a 63% chance of a rate cut in September, according to the CME FedWatch Tool. Lower interest rates reduce the opportunity cost of …

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Gold Price Edges Higher As Traders Eye US Inflation And Debate

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Sep 11, 2024 · Gold costs advanced in the mid-North American session on Tuesday, acquiring some 0.30% as traders braced for the vital August inflation report from the United States …

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Gold Price Edges Higher As Traders Eye US Inflation And Debate

2 weeks from now

Sep 11, 2024 · Gold prices advanced in the mid-North American session on Tuesday, gaining some 0.30% as traders braced for the crucial August inflation report from the United States …

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FAQs about Gold prices gain ground after US PPI inflation sparks fresh Coupon?

Why did gold prices increase on Tuesday?

Gold prices extended gains on Tuesday after U.S. inflation data came in slightly weaker than expected, giving investors faint hope that the Federal Reserve would continue on its rate-easing path this year, sending the dollar lower. ...

Will CPI data affect gold prices?

Gold outlook hinges on CPI data, rate cut chances. Gold (XAU/USD) prices are cautiously edging higher, trading within Monday’s range as market players await the U.S. consumer price index (CPI) report. This week’s low trading volume suggests that major investors are holding off on significant moves until the CPI data is released. ...

How will lower interest rates affect non-yielding gold?

Lower interest rates reduce the opportunity cost of holding non-yielding gold. Markets focus this week will be on the U.S. Producer Price Index (PPI) data on Tuesday, followed by the Consumer Price Index (CPI) data due on Wednesday. Among other precious metals, spot silver gained 0.3% to $28.23 per ounce, while palladium fell 1.7% to $961.50. ...

How does a stronger dollar affect the gold market?

The gold market faces headwinds from a firmer U.S. dollar and elevated treasury yields. The dollar index has gained 1.2% this month, affecting gold prices, as a stronger dollar typically diminishes the appeal of gold. Concurrently, yields on 10-year U.S. Treasury notes have risen to 4.0264%, influencing investor sentiment. ...

How much did spot gold gain in December?

Spot gold gained 0.3% to $2,671.27 per ounce as of 01:50 p.m. ET (1850 GMT). U.S. gold futures settled 0.1% higher at $2,682.30. Data showed Producer Price Index (PPI) rose 3.3% on an annual basis in December, versus the 3.4% rise expected by economists polled by Reuters. ...

Why did gold rise 1% before PCE figures?

Before the release of the PCE figures, bullion climbed up to 1%. The rebound followed a dramatic $100 plunge on Monday, marking gold's sharpest one-day drop in over five months, as safe-haven demand waned following the announcement of a long-negotiated ceasefire between Israel and Lebanon's Iran-backed Hezbollah. ...