Tag Archives: eci

Gold prices steadied on Wednesday, hovering near a four-week low as investors awaited a decision from the US Federal Reserve that could offer insights into the timing of interest rate cuts. Spot gold settled at $2,285.69 per ounce by 0829 GMT, after hitting its lowest level since April 5 earlier …

Gold prices dipped on Wednesday to their lowest level in nearly four weeks as investors awaited the Federal Reserve’s decision, which could shed light on the timeline for interest rate cuts. In spot transactions, gold edged down 0.1 percent to $2,284.44 per ounce by 0436 GMT, marking its lowest level …

XAU/USD trades at $2,292, down by over 1.50% on Tuesday. The US Bureau of Labour Statistics reported a jump in the Employment Cost Index (ECI) for April, and American consumer sentiment deteriorated further. Gold prices dropped below the $2,300 threshold on Tuesday due to rising employment costs in the US, …

The Employment Cost Index report released on Tuesday had an unusual impact across almost all financial markets, particularly the US dollar that weakened following the index reading.Analysts pointed out that the reading is one more inflation-linked indicator that is seen as easing. While the report supports inflation moving back toward …

Data released on Friday showed the Employment Cost Index (ECI) rose 1% during the fourth quarter, and 4% during the year. Analysts at Wells Fargo point out the quarterly increase was more restrained than Q3’s 1.3% gain, and they consider that may tamp down fears of a wage-price spiral amid …