Gold Sheds Some Value After Producer Inflation Report - WSJ

Gold settled 1.7% lower, breaking a four-session winning streak, on new uncertainty over what direction the Fed’s interest rate decision may go next year.

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Gold Sheds Some Value After Producer Inflation Report - WSJ

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Gold settled 1.7% lower, breaking a four-session winning streak, on new uncertainty over what direction the Fed’s interest rate decision may go next year.

wsj.com

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Gold Sheds Some Value After Producer Inflation Report - MSN

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Gold Sheds Some Value After Producer Inflation Report 3w 1527 ET – Front-month gold futures fell by 1.7% to $2,687.50 an ounce on new uncertainty over what direction the Federal …

msn.com

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Gold Under Pressure From Fed Rate Cut Doubts After Inflation Data

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Mar 12, 2024 · Gold prices remained under pressure on Tuesday, dropping more than 1%, after a hot U.S. inflation report dimmed prospects of the Federal Reserve cutting interest rates soon. …

yahoo.com

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Gold Futures Fall Toward 'critical Support Point' Of $2,000 An Ounce ...

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Feb 13, 2024 · The index was forecast to rise 0.2% by economists polled by The Wall Street Journal. The yearly rate of inflation slipped to 3.1% from 3.4% in the prior month. It hasn't …

morningstar.com

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Gold Prices Log Highest Finish In Just Over A Week After U.S. Inflation ...

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February gold GC00 GCG23 rose $9.20, or 0.5%, to settle at $1,810.70 per ounce on Comex, with prices for the most-active contract ending the week nearly 0.1% higher, according to Dow …

marketwatch.com

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Gold Is Overvalued Now And Won't Help You Beat Inflation In …

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May 4, 2024 · From gold's high in 2012 to its low in 2015, the real (inflation-adjusted) price of gold dropped more than 40%. Recently, gold's fortunes have changed. The yellow metal has …

morningstar.com

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Gold Drops As Dollar, Yields Firm After US Inflation Report

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Aug 30, 2024 · Gold slipped 1% on Friday as the dollar and Treasury yields firmed after U.S. inflation data matched expectations, but the bullion is set for a monthly gain as a September …

reuters.com

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Gold Drops 1% As Market Waits For Jobs Report - MSN

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Front-month gold futures settle down 1% to $2,626.60 an ounce, snapping a two-day winning streak. Heading into next year, however, some analysts think gold has gas left in the tank to …

msn.com

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SPDR Gold Rises After Tame Inflation Report - WSJ

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1208 GMT – Gold futures rise 0.3% to $2,386.3 a troy ounce, holding higher as the market looks to the imminent release of U.S. inflation data for interest-rate cut guidance. The precious metal ...

wsj.com

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Copper’s Outlook Pressured By Trump Policies, BMI Says - WSJ

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Futures are up 0.2% to $2,684 a troy ounce, boosted by a softer dollar and concerns over the impact of potential U.S. trade tariffs on inflation after President-elect Donald Trump takes office.

wsj.com

FAQs about Gold Sheds Some Value After Producer Inflation Report - WSJ Coupon?

How did April data affect gold prices?

The April data showed U.S. consumer prices rose as expected, while the annual consumer inflation rate was at its lowest in two years. The U.S. dollar weakened following the data, onlybriefly providing support to dollar-denominated gold prices. ...

Why did gold prices end lower Wednesday?

Gold prices ended lower Wednesday for the first time in three sessions as a monthly reading on U.S. consumer prices failed to provide a clear picture of the path for Federal Reserve interest rates. The April data showed U.S. consumer prices rose as expected, while the annual consumer inflation rate was at its lowest in two years. ...

Why are gold prices so high this year?

Gold prices are hovering near new all-time highs this year, up more than 10%. Companies are looking to find a backup for manufacturing, and India—which has a labor force and an internal market comparable in size to China’s—is making its case. ...

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. ...

Is inflation cooling or lingering on a gold futures contract?

The most-actively traded gold futures contract were flat at $2,043 a troy ounce after data showing that inflation eased in April. Analysts say that the report—which reflects that inflation is cooling but lingers on—continues to make the case for the Federal Reserve to hold interest rates higher for longer. ...

What happened to spot gold?

Spot gold fell 1.4% to $2,153.05 per ounce as of 3:08 p.m. ET (1908 GMT), retreating from a record high of $2,194.99 reached on Friday. U.S. gold futures settled 1% lower at $2,166.1. U.S. consumer prices increased solidly in February, suggesting some stickiness in inflation. ...