The US dollar is expected to be volatile in the coming days ahead of a key inflation data release on Wednesday. Economists are forecasting that the consumer price index (CPI) will rise by 0.6% in August, compared to 0.2% in July. This would be the fastest pace of inflation since March 2022. If inflation comes …
How Will the US Inflation Data Affect the Dollar? Read More »
The US dollar could be volatile in the near term as traders await the release of mixed inflation data on Wednesday. Economists expect the headline inflation rate to rise to 3.6% in August, but the core inflation rate is expected to fall to 4.3%. This mixed picture could lead to increased volatility in the dollar, …
US Dollar Could Be Volatile as Mixed Inflation Data Looms Read More »
Spot gold was trading at $1,908.70 per ounce by 3:08 a.m. ET, down 0.2%. U.S. gold futures were down 0.2% to $1,931.10. The U.S. Consumer Price Index (CPI) data due at 12:30 p.m. ET could offer some insights on what to expect from the Fed in terms of rate hikes. Economists expect the headline inflation …
Gold prices fell on Tuesday as the US dollar strengthened, with investors awaiting the release of US inflation data later in the week. Spot gold was down 0.3% at $1,923.50 per ounce by 2:30 pm ET (1830 GMT), while US gold futures fell 0.2% to $1,937.50. The US dollar index, which measures the greenback against …
Gold prices fall as US dollar strengthens ahead of August inflation report Read More »
Spot gold was down 0.2% at $1,918.72 per ounce by 2:30 p.m. ET, while U.S. gold futures fell 0.3% to $1,941.70. The dollar index, which measures the greenback against a basket of major currencies, rose 0.2%. A stronger dollar makes gold more expensive for buyers holding other currencies. Investors are awaiting the release of U.S. …
Gold prices rose on Monday, supported by a retreat in the dollar as investors looked ahead to US inflation data that could define the Federal Reserve’s moves on interest rates. Spot gold gained 0.3% to $1,922.89 per ounce by 3:13 AM ET (0713 GMT), having lost 1% in the previous week. US gold futures rose …
Gold Prices Rise as Investors Await US Inflation Data Read More »
Gold prices are set to end the week lower as the latest batch of data showed that the US economy is still growing strongly, giving the Federal Reserve some room to keep monetary policy restrictive or even raise interest rates further. On Friday, gold prices edged up to $1,921 an ounce, but they are still …
Gold Prices Set for Weekly Decline as US Economy Shows Resilience Read More »
Gold prices on the Comex settled lower for the third consecutive session on Thursday, as investors weighed the ongoing strength of the U.S. dollar against the metal’s appeal as a safe haven asset. The most actively traded gold contract, for August delivery, fell 60 cents, or 0.03%, to settle at $1,917.50 per ounce. The contract …
Comex Gold Prices Fall for Third Consecutive Session Read More »
Cotton prices fell to their lowest level in more than two weeks on Thursday, as the dollar continued to strengthen and concerns persisted about demand from top consumer China. The dollar index, which measures the greenback against a basket of currencies, rose to its highest level since August 2020. A stronger dollar makes cotton more …
Cotton Falls to 2-Week Low on Dollar Strength, China Demand Concerns Read More »
Gold prices held steady on Thursday, as traders awaited a key speech by Federal Reserve Chair Jerome Powell. The metal is seen as a safe haven asset and often rises when investors are worried about the economy. Powell is scheduled to speak at the Jackson Hole Economic Symposium on Friday. His speech is closely watched …