Gold prices gain ground after US PPI inflation sparks fresh rate cut …

13 hours ago · Gold price shrugs off higher US real yields, which remain at around 2.34%. The US Dollar retreated after the data, with the US Dollar Index (DXY) hitting 109.21, down 0.26%. The US 10-year ...

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

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fxstreet.com

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

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10 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 Hits New Record High Above $2,550 After US PPI Inflation Data

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Sep 12, 2024 · The US Producer Price Index (PPI) ex Food & Energy rose by 2.4% in August, the same as the 2.4% registered in July. The result came in below expectations of 2.5%, …

fxstreet.com

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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 …

reuters.com

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Gold Sheds Some Value After Producer Inflation Report - WSJ

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1527 ET – Front-month gold futures fell by 1.7% to $2,687.50 an ounce on new uncertainty over what direction the Federal Reserve’s interest rate decision may go next year.

wsj.com

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Gold News: Inflation Data Sparks Caution On Fed Cuts - FX Empire

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Nov 28, 2024 · Core inflation progress remains slow, raising doubts about a December Fed rate cut. SPDR Gold Trust holdings fell 0.10% this week, signaling muted demand for gold. Gold …

fxempire.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 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 …

kitco.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 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

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Gold Price Plummets As Traders Cash In On Hot US PPI - FXStreet

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Dec 12, 2024 · The PPI for November showed that headline inflation on the producer side rose by 3% YoY, up from 2.4% in October and above forecasts of 2.6%, while core PPI increased by …

fxstreet.com

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

How will inflation affect gold prices?

Conversely, persistent inflation may induce the Federal Reserve to postpone the reduction of interest rates or even contemplate additional tightening of monetary policy. This situation has the potential to exacerbate the U.S. dollar and elevate bond yields, both of which have a detrimental effect on gold prices. ...

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. ...

Why did the gold price fluctuate between gains and losses?

(Bloomberg) -- The price of gold fluctuated between gains and losses after US inflation data came in lower then expected, potentially supporting the case for rate cuts by the Federal Reserve. ...

Why did gold rise 1% on Friday?

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 stemming from the geopolitical tensions in the Middle East also lifted the bullion. ...

What factors influenced gold's recent performance?

The most recent reading of the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) is a significant factor that has influenced gold's recent performance. The Consumer Price Index (CPI), a critical indicator of inflation, exceeded expectations, suggesting that inflationary pressures continue to persist in the economy. ...

Is gold a hedge against inflation?

One the one hand, gold is traditionally perceived as a hedge against inflation, which can increase its appeal. Conversely, persistent inflation may induce the Federal Reserve to postpone the reduction of interest rates or even contemplate additional tightening of monetary policy. ...