Gold prices gain ground after US PPI inflation sparks fresh

9 hours ago · Gold prices edged higher on Tuesday after data from the United States (US) showed that prices paid by producers cooled off. ... Gold prices gain ground after US PPI inflation sparks fresh rate cut ...

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Gold Prices Gain Ground After US PPI Inflation Sparks Fresh Rate …

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7 hours ago · Daily digest market movers: Gold price advances on steady US yields . Gold price shrugs off higher US real yields, which remain at around 2.34%. The US Dollar retreated after …

talkmarkets.com

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Gold Edges Up On Soft Inflation Print, US CPI In Focus

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1 day ago · U.S. PPI rose 3.3% on an annual basis in December U.S. CPI data due on Wednesday Gold to be in demand as a diversifier, UBS says Jan 14 (Reuters) - Gold prices …

reuters.com

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Gold Climbs To A Record As US Data Bolster Fed Rate Cut Case

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The producer price index for final demand increased 0.2% from a month earlier after a downward revision to July’s reading, according to a Bureau of Labor Statistics report released Thursday. The median forecast in a Bloomberg survey of economists called for a 0.1% gain.

bnnbloomberg.ca

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Gold Extends Gains Over 1% As US PPI Data Solidifies Rate Cut Hopes

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Oct 11, 2024 · Gold rose over 1% on Friday after a U.S. inflation data cemented prospects of a rate cut next month, restraining the dollar below recent highs, while safe-haven demand …

yahoo.com

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

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May 14, 2024 · Gold jumps 0.97% after US producer price data shows higher-than-expected inflation. Despite a spike, Treasury yields reversed to 4.445%, weakening Greenback and …

fxstreet.com

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Gold Edges Higher Ahead Of US PPI Data, Fed’s Powell Speech

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May 14, 2024 · The US Producer Price Index (PPI) for April is expected to show an increase of 2.2% YoY, while the Core PPI figure is estimated to show an increase of 2.4% YoY in the …

fxstreet.com

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Gold Extends Gains Over 1% As US PPI Data Solidifies ... - 商业时报

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Oct 12, 2024 · GOLD rose over 1 per cent on Friday (Oct 11) after a US inflation data cemented prospects of a rate cut next month, restraining the dollar below recent highs, while safe-haven demand stemming from the geopolitical tensions in the Middle East also lifted the bullion. ... The rise in gold prices follows data on Thursday showing US consumer prices ...

businesstimes.com.sg

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

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Aug 11, 2023 · Gold price gauges support near $1,912.00 after a sheer sell-off. Still, the downside seems favored as United States CPI data for July showed inflation remains sticky. The US …

fxstreet.com

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Gold Hits Fresh All-time High After Fed Cuts Rates, Then Pulls Back

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Sep 18, 2024 · Likewise, silver saw a sharp gain following the announcement to trade above the US$31 per ounce mark, but ultimately shed 2.04 percent to US$30.05. Don't forget to follow us …

nasdaq.com

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Gold Price Rises As Producer Prices Go Unchanged In November …

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Dec 12, 2019 · While consumer prices rose in November, producer price inflation was unexpectedly soft. Prices saw no growth following a 0.4% gain the month before. Key Takeaways. US producer prices saw no change in November vs. 0.2% gain expected and 0.4% gain in October. Annually, prices rose 1.1% according to the producer price index (PPI), matching …

goldprice.org

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Gold Price Struggles To Gain Ground On Bullish US Dollar, US PPI …

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Nov 14, 2024 · The Gold price (XAU/USD) struggles to gain ground around $2,570 on Friday after bouncing off a two-month low in the previous session. The precious metal remains under …

metalsmine.com

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

How much did gold prices rise in April?

U.S. gold futures rose 0.2% to $2,346.30. The U.S. producer price index data is scheduled for release at 1230 GMT, followed by the consumer price index on Wednesday. The CPI data is expected to show core inflation rose 0.3% month-over-month in April, down from 0.4% the prior month, according to a Reuters poll, pulling the annual rate down to 3.6%. ...

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. ...

Does the PPI have a stronger relationship with gold than the CPI?

In other words, the PPI seems to have a stronger relationship with gold than the CPI or PCE Price Index, partially due its sensitivity to the business cycle and partially due to the fact that it is released earliest. ...

What is affecting the gold price?

The gold price is currently operating in a multifaceted environment that is influenced by a robust U.S. dollar, stronger-than-anticipated inflation data, and changing expectations regarding Federal Reserve policy. ...

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 inflation affect gold price on Tuesday?

Gold price trades on a stronger note on Tuesday. Any signs of sticky inflation might further diminish expectations of US interest rate cuts this year, pressuring yellow metal. The US PPI report for April and Fed Chair Jerome Powell's speech will be in the spotlight on Tuesday. ...