Gold edges up on soft inflation print, US CPI in focus | Reuters

2 days ago · Gold edges up on soft inflation print, US CPI in focus ... of 99.99 percent pure gold at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk ...

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PRECIOUS-Gold Edges Higher On Softer Dollar; US Inflation Data

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Apr 11, 2023 · Gold prices rose on Tuesday after falling more than 1% in the previous session, as the dollar eased while investors awaited this week's U.S. inflation data that could influence the …

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Gold Prices Rise After Benign US CPI Data; Dollar Weakens

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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, …

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

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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 …

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Gold Edges Higher On Softer Dollar; US Inflation Data In Focus

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

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1 day ago · Front-month Comex gold for January delivery closed +1.3% to $2,712.50/oz, the sixth gain in the past seven sessions and largest one-day dollar and percentage gain since …

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Gold Climbs As Dollar Pauses Ahead Of US Inflation Data

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Apr 11, 2023 · Gold climbed back up above the key $2,000 level on Tuesday as the dollar came off last session's peak, while traders hunkered down for Wednesday's U.S. inflation data for …

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Gold (XAU) Silver (XAG) Daily Forecast: Will CPI Data Spark A …

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1 day ago · Gold (XAU/USD) prices remain subdued, trading around $2,679 with an intraday high of $2,680. Softer-than-expected U.S. inflation data released on Tuesday has eased concerns …

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FAQs about Gold edges up on soft inflation print, US CPI in focus | Reuters Coupon?

Why did gold prices increase on Friday?

Dec 20 (Reuters) - Gold prices extended gains on Friday, supported by a softer dollar and Treasury yields after U.S. economic data indicated a slowdown in inflation, although the Federal Reserve's hawkish interest rate outlook kept bullion on track for a weekly loss. ...

Why is gold less expensive compared to other currencies?

* The dollar index was down 0.1% against its rivals, making gold less expensive for other currency holders. * Economists polled by Reuters expect U.S. headline inflation to be flat for November, and core inflation to be steady at an annual pace of 4% - well above the Federal Reserve's 2% target. ...

How will a stronger dollar affect gold?

UBS noted that a stronger dollar and elevated U.S. yields will likely remain headwinds in the first half of this year for gold but should be more than offset by demand for the metal as a diversifier. Spot silver added 0.8% to $29.83 per ounce, platinum lost 1.6% to $938.65, and palladium rose 0.1% to $939.61. ...

Why did gold prices rebound on Friday?

Gold prices rallied on Friday, boosted by a weaker dollar and falling Treasury yields following U.S. economic data pointing to slowing inflation. However, the Federal Reserve's hawkish interest rate outlook limited gains, keeping gold on track for a weekly loss. Weaker personal consumption expenditure data also contributed to gold's rebound. ...

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. ...

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. ...