Gold prices extended gains on Wednesday, as the dollar dipped after U.S. core inflation data came in softer than expected, ...
From 1980 to 1984, annual inflation as measured by the consumer price index averaged 6.5%, but gold prices fell by an annual average of 10% over the same period. Gold’s returns not only fell ...
Front-month gold futures settled up 1.3%, the largest gain since Dec. 20, boosted by the renewed idea of interest rate cuts after U.S. CPI came in as expected.
Gold prices trade higher ahead of US CPI data. It hit an intraday high of $2685 and currently trading around $2683.
U.S. PPI rose 3.3% on an annual basis in December U.S. CPI ... gold gained 0.3% to $2,671.27 per ounce as of 01:50 p.m. ET (1850 GMT). U.S. gold futures settled 0.1% higher at $2,682.30. A line ...
Focus for the day would be the U.S. CPI data today at 6pm,” said Pranav Mer, VP - Research (Commodity & Currency) BlinkX and JM Financial. Non-yielding gold has increased by 19% this year ...
The dollar index fell 0.6%, making gold cheaper for overseas buyers. Investors now await the Consumer Price Index (CPI) on Wednesday to analyze the Fed's policy path. A Reuters poll forecast an ...
(Reuters) - Gold prices extended gains on Tuesday after U.S. inflation data came in slightly weaker than expected, giving investors faint hope that the Federal Reserve would continue on its rate ...