Gold advances as softer core CPI data revives Fed easing hopes
Gold prices extended gains on Wednesday, as the dollar dipped after U.S. core inflation data came in softer than expected, abating inflation pressures and rekindling expectations that the Federal Reserve's easing cycle may not be over yet.
Gold price eyes CPI data as inflation risks boost sentiment
The US Bureau of Labor Statistics (BLS) revealed that the Producer Price Index (PPI) increased but missed estimates for a higher print. This exacerbated Gold's jump as traders grew optimistic that if the Consumer Price Index (CPI) report on Wednesday comes cooler than foreseen, it could increase the Fed's chances of easing policy during the year.
Gold prices held nearly steady on Tuesday as market participants maintained caution ahead of key U.S. inflation data, which ...
Gold bulls have avoided re-entering the pennant chart formation and sent prices back above the descending trend line. From ...
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 ...
Cooler inflation sparks hope for Fed rate cuts. Retail sales data and Trump’s inauguration set the stage for market moves in ...
Gold prices firmed on Friday (Jan 17) and were headed for a third straight week of gains after US data this week hinted that ...
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A 24k piece of 10 grammes of gold would cost Rs 81,270 in India today, up Rs 650 from Rs 80,620 yesterday. In the meantime, ...
Cooling inflation sparks a risk-on rally as stocks surge, gold eyes a breakout, and Treasury yields fall. Tesla and Nvidia ...
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