Tag Archives: Gold Price

It’s US CPI data’s day. The awaited readings are expected to trigger price actions across the board and are crucial before next week’s FOMC meeting. During the Asian session, Japan will release the Producer Price Index. Later, monthly UK GDP data is due, as well as Eurozone Industrial Production figures.The …

Following a five-day losing skid, the price of gold has increased from a one-week low to $1,918 on Thursday during the Asian session. Because of the strengthening US Dollar, rising US Treasury bond yields, worries about China, and other factors, the price of gold is declining. The US ISM Services …

Gold rose from its lowest level in five months on Friday, as the dollar and bond yields fell, but the yellow metal is heading for another weekly decline, as encouraging data from the United States reinforced expectations that the Federal Reserve is not finished raising interest rates. Spot gold rose …

Gold prices touched a five-month low on Thursday as the dollar and US Treasury yields gained momentum after recent strong economic data boosted expectations that the Federal Reserve will continue to tighten monetary policy. The price of gold in the spot market was $ 1891.70 an ounce by 0141 GMT, …

As investors wait for the Fed minutes, gold is trading at approximately $1,900.00. The US Dollar benefits from the durability of the US economy and a downturn in China. Strong pay growth-driven consumer spending momentum could keep US core inflation stable.As investors wait for the FOMC minutes to provide direction …

The Standard & Poor’s 500 and Nasdaq indexes fell at the close on Wall Street on Thursday, affected by the decline in Tesla and Netflix shares after the release of their quarterly results, but the Dow Jones Industrial Average closed higher for the ninth consecutive day, thanks to Johnson & …

Job growth in the United States slowed more than expected in June after a sharp increase in the previous month, but the labor market shortage persisted, with the unemployment rate falling from a seven-month high and relatively large wage increases continuing. On Friday, the Labor Department said in its well-watched …

Gold futures rose, taking advantage of the decline in the US dollar since the beginning of trading on Tuesday, as stock markets and US Treasury bonds were closed to mark the Independence Day holiday.Gold futures rose to $1,924.69 per ounce, compared to the previous daily closing, which was recorded at …

Wagner Group mutiny provided temporary support to equity markets, but the fundamental pressure continued to crumble. Stocks experienced a momentary lift, but the economic slowdown in the USA and higher rates caused lower prices later. A correction in US equities is likely due to more than just a technical issue. …

USD/CAD registered minuscule losses on Thursday in a session that witnessed the US Dollar as the strongest currency, which rose on better-than-expected US economic data which failed to boost the USD/CAD. The USD/CAD is trading at 1.3249 after hitting a high of 1.3285. Despite late Thursday’s corrective rally from multi-day …