Tag Archives: cpi

Gold prices rose on Tuesday, as a weaker dollar made bullion more attractive to overseas buyers, although risks from an impending Federal Reserve interest rate hike pared gains. And the gold price in spot transactions rose 0.2 percent to $ 1653.31 an ounce by 0709 GMT. But US gold futures …

US stocks fell on Friday, as rising inflation expectations kept alive fears that the path of aggressive Federal Reserve interest rate hikes could lead to a recession. In the final session of a volatile week, stocks opened higher before changing course after data from the University of Michigan showed consumer …

Gold prices rose on Friday, supported by the decline in the dollar and US Treasury yields, but increased expectations of another big hike in US interest rates kept the precious metal on course for a weekly decline. And the price of gold in spot transactions rose 0.3 percent to $ …

Gold bounced up from $1,642 lows and returned to the $1,665 area. Gold is trading at $1,666 at the time of writing. Gold futures are retracing previous losses during Thursday’s US trading session, favoured by a broad-based USD pullback. The precious metal has bottomed at a two-week low of $1,642 …

US stocks are strongly back into the green territory, putting on a short squeeze following the pre-market and opening selloff that ensued on the back of hot Consumer Price Index data. Stocks plunged to lows for the year but bulls moved in at a big discount, sending the Dow Jones …

The EUR/USD dived to a daily low of 0.9631 as a reaction to US inflation, but the pair was able to recover later. CPI jumped more than estimated by 6.6% YoY, topping August 6.3%. Contrarily, headline inflation edged lower from the previous month’s 8.3% to 8.2%, almost 1% lower than …

The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 8.2% on a yearly basis in September from 8.3% in August. This reading came in higher than the market expectation of 8.1%. The Core CPI, which …

Bitcoin price performance declines in line with US stocks ahead of classic volatility caused by the US Consumer Price Index data. The cryptocurrency’s price followed analysts’ predictions with mixed action continuing around $19,000 at Tuesday’s Wall Street open. At the time of writing, bitcoin is trading at $18972.The BTC/USD pair …

The prevalent negative market sentiment on Monday coincided with broader Russian attacks on Ukraine, firing multiple missiles that targeted communication and energy targets in and around Kyiv.Economic Data The economic calendar featured no significant economic data during the US session. Other Developments The US dollar extended last week’s momentum and …

The latest escalation in the Russia-Ukraine has been sending waves of fear to almost all financial assets, following an explosion that destroyed a part of the bridge in Crimea which is crucial for Russia’s war supplies. Escalation also contributed to the market’s sour sentiment. On the same line could be …