Markets hope that the next US inflation rate report, which will be released tomorrow, will boost the situation and put an end to Federal Reserve rate hikes.
Inflation, the watchword for future US interest rates
November 29, 2023
Top Four Things That May Affect Gold Prices This Week
November 19, 2023
To know whether gold is ready to resume its upward march or the rally will the rally fizzle out, we need to shed the light on the main things that may affect gold prices in the week through November 24
Category | Gold Market
What does the CPI inflation data say for the next policy meeting?
November 14, 2023
Inflation in the US, as measured by the change in the Consumer Price Index (CPI), declined to 3.2% on a yearly basis in October, the US Bureau of Labor Statistics (BLS) reported on Tuesday.
US inflation drops to 4% as Fed ponders interest rate pause
June 13, 2023
U.S. consumer inflation dropped more than forecast in May, as the Federal Reserve considers pausing its aggressive interest rate hike campaign on Wednesday.
US inflation retreats slightly, not enough to persuade Fed to cut rates
May 10, 2023
U.S. inflation showed a slight retreat in April, meaning it is not enough to persuade the Federal Reserve to cut interest rates this year.
Gold is down as the Fed sees continuing rate hikes
April 14, 2023
The spot gold price has declined to around 2022 $/oz. from about 2036 $/oz. This came after the confirmation from the Federal Reserve that it will continue in its rate hike. Also, the decline in US retail sales by more than expected has supported the
Top Four Things to Watch in Markets This Week
March 27, 2023
Following rate decisions by the Federal Reserve, European Central Bank and Bank of England last week, investors will turn their attention to the latest economic releases this week to assess the health of the global economy, in the wake of the undergo
Gold rises on a higher US unemployment rate
March 10, 2023
The gold price had been moving higher for a third consecutive day on Friday. The prices had breached the $1830 mark, and the US dismal data has supported its rise.
US jobless claims climb to the highest since December, gold resumes upward correction
March 9, 2023
U.S. initial jobless claims climbed to the highest level since December, suggesting some softening in what’s still a robust labor market, helping gold to resume its short-term upside correction.