Gold gains on softer dollar as steady inflation eases rate worries
Gold prices advanced towards a weekly gain on Friday, supported by a weakening US dollar and steady inflation data that cooled expectations of further Fed rate hikes.
Gold Market
GoldRate Desk
Summaries produced by the GoldRate.info market desk from primary reporting, with sources linked on every article.
Gold advances towards $4,400 as cooling US data curbs rate hike bets
Gold prices climbed towards $4,400 an ounce after weaker US economic data, including a drop in retail sales and softer inflation, diminished expectations of further Federal Reserve rate hikes.
Gold recovers towards $4,370 as weak US economic data cools rate hike bets
Gold rallied towards $4,372 an ounce on Friday, recovering from an intraday low of $4,311 after disappointing US retail sales figures weighed on the dollar and Treasury yields.
Gold holds above $4,300 as cooling US inflation tempers Fed rate hike bets
Gold prices held above $4,300 per ounce after cooling US producer price data reduced the likelihood of a near-term Federal Reserve interest rate rise.
Gold dips towards $4,365 as dollar recovers after US inflation data
Gold prices dropped 1% to trade near $4,365 per ounce on Thursday as the US dollar recovered ground, despite signs of slowing factory inflation and higher jobless claims.
Gold trades near $4,400 as Middle East risks offset US CPI data
Gold traded close to $4,400 per troy ounce as persistent Middle East friction balanced out softer US inflation data that tempered Federal Reserve interest rate expectations.
Gold climbs past $4,400 as cooling US inflation eases Fed pressure
Gold prices surpassed $4,400 per ounce after US consumer inflation softened in July, encouraging expectations that the Federal Reserve will leave interest rates unchanged at its upcoming policy meeting.
Gold holds below $4,400 as oil surge revives Fed rate hike bets
Gold stabilised below $4,400 during Asian trading on Wednesday as rising energy prices and renewed US rate hike expectations offset recent safe-haven gains ahead of key inflation data.
Gold Pauses Near $4,381 as US Inflation Data and Hormuz Risks Loom
Gold dipped slightly to $4,381 per ounce on Tuesday as investors paused ahead of key US consumer price index figures and monitored Middle East risks.