Gold prices rise after benign US CPI data; dollar weakens

1 day ago · Investing.com-- Gold prices rose Wednesday, helped by benign US inflation data weighing on the dollar. At 09:25 ET (14:25 GMT), spot gold rose 0.4% to $2,687.87 an ounce, while gold futures ...

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Gold Prices Rise After Benign US CPI Data; Dollar Weakens

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investing.com

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Gold Advances As Softer Core CPI Data Revives Fed Easing Hopes

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Spot gold gained 0.4% to $2,688.19 per ounce by 0915 a.m. ET (1415 GMT). U.S. gold futures were up 1.1% to $2,711.40. Excluding volatile food and energy components, core CPI …

msn.com

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Gold Sees December CPI Release Turning Into Pivotal Data Release

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1 day ago · At 13:30 GMT, the US Consumer Price Index data for December will be released. The monthly core CPI measure is expected to rise 0.2% compared to 0.3% in the previous month.

fxstreet.com

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Gold Jumps Most Since Mid-December As Mild Inflation Data …

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14 hours ago · Core CPI increased 3.2% on an annual basis in December, a bit under the expected 3.3% rise, which lifted lifted optimism for an easier monetary policy in the U.S., …

seekingalpha.com

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Gold Price Edges Up After US CPI Data, Yet Remains Below $2,650

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Oct 10, 2024 · Gold price upside remains capped by the rise in US Treasury yields. The US 10-year benchmark note edges up two basis points, yielding 4.096%. Consequently, the buck …

fxstreet.com

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Gold Holds Steady With Investors Cautious Ahead Of US CPI

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1 day ago · Spot gold was little changed at $2,663.29 per ounce as of 9:40 a.m. ET (1440 GMT) after briefly rising 0.5% soon after the Producer Price Index (PPI) data. Data showed PPI rose …

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Gold Prices Rally After CPI Data - WSJ - The Wall Street Journal

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The most-actively traded gold futures contract gained 0.8% Wednesday to $2,033.80 a troy ounce, after data showed that inflation eased in March from a year earlier.

wsj.com

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Gold Subdued As Yields, Dollar Rise After US Inflation Data - Yahoo …

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Oct 12, 2023 · The consumer price index increased 0.4% last month after a 0.3% gain in August, the Labour Department said. However, year-on-year consumer prices have come down from a …

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Gold Climbs For First Time In 5 Sessions After CPI And Jobless-claims …

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The U.S. dollar and Treasury yields declined following the data, providing support for dollar-denominated gold prices. On Comex, December gold climbed $18.40, or 0.7%, to $2,644.40 …

marketwatch.com

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Gold Prices Forecast: Bullish Tone As US Dollar Weakens Ahead Of …

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May 15, 2024 · The US consumer price index (CPI) data, set for release at 12:30 GMT, is projected to reveal a month-over-month increase in core inflation of 0.3% for April, a slight …

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Gold Prices Are Rising. How A Weakening Dollar Plays A Role.

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Jan 10, 2023 · Gold continuous contract (price per ounce) After closing out 2022 with a modest loss, gold futures were trading 15% above recent lows by early January. Jan. 11, 2022

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FAQs about Gold prices rise after benign US CPI data; dollar weakens Coupon?

Why did gold prices rise on Wednesday?

Gold prices extended gains on Wednesday, as the dollar dipped after U.S. core inflation data came in softer than expected, abating inflation pressures and rekindling expectations that the Federal Reserve's easing cycle may not be over yet. ...

Will gold rise after a hotter-than-expected CPI report?

1420 ET – Gold rises after a hotter-than-expected CPI report injects some uncertainty into the idea of shrinking inflation and a soft-landing — re-energizing the appetite for safe haven assets. “Yields and the dollar declined, favoring a rebound in gold prices,” says Ruben Ferreira of FlowCommunity in a note. ...

Why did gold prices rebound on Wednesday?

Gold prices rebounded on Wednesday, after hitting a more than one-week low in the previous session, as the dollar weakened, while traders awaited key inflation data to gain insights into the Federal Reserve's potential path for rate cuts. Spot gold was up 0.7 per cent at $2,649.14 per ounce, as of 0919 GMT. ...

Why did US gold prices rise 1.1 per cent?

US gold futures rose nearly 1.1 per cent to $2,649.20. Gold registered its deepest one-day decline in more than five months on Monday, and hit its lowest since Nov. 18 in the previous session, as safe-haven demand for the metal softened after Israel agreed to a ceasefire deal with Lebanon. ...

Why did core CPI rise 32% in December?

Core CPI increased 3.2% on an annual basis in December, a bit under the expected 3.3% rise, which lifted lifted optimism for an easier monetary policy in the U.S., improving the appeal of non-interest bearing bullion. ...

Will consumer price index inflation pick up in December?

Markets were now focused squarely on upcoming consumer price index inflation data, due later on Wednesday, for more cues on interest rates. The reading is expected to show a mild pick-up in inflation through December, further tying into anxiety that U.S. interest rates will remain high amid sticky inflation. ...