Gold slips on oil price surge and inflation jitters ahead of US CPI
Gold fell on Tuesday as rising oil prices and geopolitical tensions took centre stage, with traders turning their attention to upcoming US inflation reports.
Gold Market
Market News
Daily movements in the gold market and what is driving them.
Gold edges higher on soft dollar as markets await US inflation data
Gold and silver gained internationally as the dollar softened. Traders are watching US inflation data for clues on the Fed's next move.
Gold shares lift Chinese equities as Middle East tensions simmer
Chinese mainland benchmarks edged higher on Tuesday, supported by gold, agriculture and energy shares, while technology stocks dragged. Hong Kong fell on Middle East concerns.
Gold Holds Near $4,400 as US Inflation Data Looms – Commerzbank
Gold has stabilised around USD 4,400 per ounce as markets turn their focus to US inflation data. Commerzbank notes that futures imply a 60% chance of a rate hike, leaving room for a volatile week.
Gold edges higher as US dollar retreats, all eyes on US CPI data
Gold price edges higher in Asian trade as the US dollar retreats from a three-week high. Traders await US inflation data for Fed policy clues, while geopolitical tensions cap gains.
Gold edges higher as dollar weakens ahead of US inflation data
Gold prices edged higher on Tuesday as the US dollar softened. Traders are now focused on upcoming inflation data that could shape the Federal Reserve’s interest-rate path.
Gold demand shifts as jewellery weakens but ETF investment holds strong
Gold demand is showing a clear divergence: jewellery buying weakens due to high prices and changing sentiment, while ETF investment demand stays strong. Analyst Kunal Shah explains the trend.
Gold slides 0.4% on hot US jobs data, Fed rate hike bets rise
Gold dropped more than 0.4% on Monday after Friday’s US jobs report beat expectations, boosting bets that the Federal Reserve will raise interest rates again. Markets now price a 60% chance of a move in September.
Kunal Shah names five buy-on-dip commodities including gold and sugar
Kunal Shah of Nirmal Bang remains bullish on commodities. He names gold, silver, copper, crude oil and sugar as top buy-on-dip picks, citing central bank buying and supply constraints.