Gold prices rose on Tuesday as the dollar weakened as investors awaited US inflation data that could determine the next steps for the Federal Reserve’s monetary policy. Spot gold rose 0.5 percent to $1,861.93 an ounce by 0645 GMT, after falling to its lowest since early January in the previous …
Read More »Gold is falling as US inflation data approaches
Gold prices fell on Monday as investors prepared for January consumer price index data in the United States that could move the Federal Reserve’s interest rate strategy. Spot gold fell 0.5 percent to $1,854.79 an ounce by 1842 GMT, while US gold futures fell 0.6 percent, to settle at $1,863.50. …
Read More »Gold Pressured Ahead of US Inflation data
Gold price is still pressured around the lowest levels in five weeks. Markets preparations for United States Consumer Price Index for January weigh on the Gold Index amid apparently hawkish remarks by Fed policymakers and gtold price naturally reacts to this hawkish language. Gold price is able to resists and …
Read More »Gold retreats to 5-week lows around $1850
Gold has dived to five-week lows at around $1850 with the beginning of the new trading week as bears eye the 100-DMA beneath $1820.Market participants are eyeing Tuesday’s US CPI data, which could reaffirm the disinflation process has already started. A daily close below $1850 would pave the way toward …
Read More »Gold prices stabilize ahead of US inflation data
Gold prices fell on Monday, affected by the rise of the dollar, and with investors anticipating US inflation data on Tuesday, which may affect the Federal Reserve’s plans for the future of interest rates. Spot gold fell 0.1% to $1,863.38 an ounce by 0653 GMT, while US gold futures rose …
Read More »Oil prices fell amid demand concerns
Oil prices fell on Monday after rising 2% in the regular session with shareholders regarding the impact of supply on the rise and rise again. Production prices rose in March by 500,000 barrels per day, or about five percent of production, production, production, production Brent crude futures were up 69 …
Read More »Financial Markets’ Weekly Recap: February 6 – 10
Financial markets ended the trading week with cautious optimism following apparent uncertainty and concerns about the US central bank’s next moves regarding interest rate hikes and the Fed’s monetary policy. Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to …
Read More »Market Drivers – US Session 10/02/2023
Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 a barrel. …
Read More »Crude oil rises over 2% on Russian plan to cut output
Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 a barrel. …
Read More »Gold firmer around $1860 despite hawkish signals
Gold remains firm at around $1860 despite hawkish signalsOn Friday, gold prices remain firm at around $1860 per ounce after hitting a week-to-date new low of $1852.45 due to expectations regarding the next move by the US central bank and whether it would raise rates by 25 bps in the …
Read More »