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Gold prices inched lower on Tuesday as the dollar gained ground ahead of a key U.S. inflation data release.

Gold prices inched lower on Tuesday as the dollar gained ground ahead of a key U.S. inflation data release.

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 inched lower on Tuesday as the dollar gained ground ahead of a key U.S. inflation data release. Read More »

XAUSUD Fundamental Analysis

Gold Prices Set for Weekly Decline as US Economy Shows Resilience

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 »

Cotton Falls to 2-Week Low on Dollar Strength, China Demand Concerns

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 Steadies as Bond Yields Tick Lower, Traders Await More US Data

Gold prices inched higher on Thursday, as a slight pullback in Treasury yields offered some respite from a robust dollar, while investors looked forward to more U.S. economic data to gauge the outlook for interest rates. Spot gold was up 0.1% at $1,918.64 per ounce by 0906 GMT, after hitting a one-week low on Wednesday. …

Gold Steadies as Bond Yields Tick Lower, Traders Await More US Data Read More »

JPY

Dollar firms, yen wobbles as Japan CPI holds above BOJ target

The dollar held steady on Friday as data pointed to U.S. labor market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen wobbled after Japan’s core consumer inflation re-accelerated in June. Central bank meetings from Europe, Japan, and the United States are due next week, with investors …

Dollar firms, yen wobbles as Japan CPI holds above BOJ target Read More »

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Yen Slips to One-Week Low as Kiwi Jumps on NZ Inflation Data

Yen Slips to One-Week Low as Kiwi Jumps on NZ Inflation Data The Japanese yen slipped to a one-week low against the dollar on Wednesday, while the New Zealand dollar jumped after a higher-than-expected inflation reading pushed prospects of policy easing further out. The yen fell to 139.41 per dollar, its lowest level since July …

Yen Slips to One-Week Low as Kiwi Jumps on NZ Inflation Data Read More »