Producer Price Data Points to Tame Inflation, Gold Prices Rise

Meanwhile, consumer price data also points to tame inflation. A report released yesterday indicated sub-expectation price gains in consumer … See more

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WRAPUP 2-Tame US Producer Price Data Soothes Inflation Concerns

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Apr 11, 2024 · Producer prices increase 0.2% in March * Services prices rise 0.3; goods slip 0.1% * Weekly jobless claims drop 11,000 to 211,000 * Continuing claims advance 28,000 to 1.817 …

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

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1 day ago · A line chart titled "Spot gold price in USD per oz" that tracks the metric over time. Data showed Producer Price Index (PPI) rose 3.3% on an annual basis in December, versus …

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Rising US Producer Prices Add To Signs Of Fading Disinflation

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Nov 14, 2024 · Following the release of the PPI data, economists raised their estimates for the October core PCE price index increase to a 0.28%-0.32% range. That was up from the 0.2% …

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US Producer Price Data Points To Subsiding Inflation Pressures

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Jul 12, 2024 · Estimates for the core PCE price index converged around a 0.15% rise. Core inflation ticked up 0.1% in May. Both PCE and core inflation were seen increasing 2.5% year …

usnews.com

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Rising US Producer Prices Add To Signs Of Fading Disinflation

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Nov 14, 2024 · Producer prices increase 0.2% in October ... It hiked rates by 525 basis points in 2022 and 2023 to tame inflation. ... Global markets treaded water on Wednesday ahead of …

reuters.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. ... of 2% or more fuel Gold's rise. Gold prices climbed past the $2,359 figure on …

fxstreet.com

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Rising US Producer Prices Add To Signs Of Fading Disinflation

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Nov 14, 2024 · The U.S. central bank tracks the PCE price measures for its 2% inflation target. U.S. producer prices picked up in October, lifted by higher costs for services like portfolio …

yahoo.com

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Tame US Producer Price Data Soothes Inflation Concerns

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Apr 11, 2024 · Producer prices increase 0.2% in March; Services prices rise 0.3; goods slip 0.1%; Weekly jobless claims drop 11,000 to 211,000; Continuing claims advance 28,000 to 1.817 …

reuters.com

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Increase In Gold Price Seen As US PPI Data Takes A Dive And Fed’s ...

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May 15, 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 ... Gold prices …

goldprices.org

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Gold Sees December CPI Release Turning Into Pivotal Data Release

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4 hours ago · Gold’s price (XAU/USD) trades flat for this week, despite a steep two-day rally above $2,680 on Wednesday, where softer-than-expected United States (US) Producer Price …

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Eggs Boost US Producer Prices In November, But Services Inflation …

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Dec 12, 2024 · The producer price index for final demand jumped 0.4%, the largest gain since June, after an upwardly revised 0.3% increase in October, the Labor Department's Bureau of …

yahoo.com

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Dollar Cools Off Ahead Of Bank Earnings, Asia Markets Mixed

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3 hours ago · Inflation data and bank earnings awaited. Global stocks rise, bond yields dip. ... According to economic data, U.S. producer prices increased by 0.2% in December, down from …

benzinga.com

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Did Markets Overreact To The December US Jobs Report?

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1 day ago · Five-year ahead inflation expectations also rose materially, from 3% to 3.3%. 11 However, inflation expectations are still tame when looking at historical expectations. For …

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FAQs about Producer Price Data Points to Tame Inflation, Gold Prices Rise Coupon?

How much did the PCE price index rise in February?

Based on the PPI and CPI data, economists estimated a moderate pace of increase in the core PCE price index, with unrounded estimates ranging from 0.21% to 0.28%. Core inflation rose 0.3% in February. The annual increase in core inflation is estimated to have slowed to 2.7%, which would be the smallest gain in three years, from 2.8% in February. ...

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. ...

What factors affect gold prices?

Gold prices, therefore, has a positive correlation with consumer prices. Real interest rate (i.e., nominal rate less inflation) also weighs in as another factor on gold prices. The Producer Price Index (PPI) reflects changes in production costs and is usually seen as a leading indicator for the Consumer Price Index (CPI). ...

How much did goods prices rise in February?

Excluding food and energy, goods prices edged up 0.1% after advancing 0.3% in February. Based on the PPI and CPI data, economists estimated a moderate pace of increase in the core PCE price index, with unrounded estimates ranging from 0.21% to 0.28%. Core inflation rose 0.3% in February. ...

Are tamer producer prices causing inflation to worsen?

"Producer prices tell us that inflation is not worsening, yet," said Christopher Rupkey, chief economist at FWDBONDS. "Policymakers can remain vigilant as they await more data on where inflation is heading next. Tamer producer prices may spell some relief for consumers in coming months." ...

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. ...