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.
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Original summaries of the reporting that moves the gold price, with every source linked.
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.
Gold briefly breaches $4,400 as ETF inflows offset oil price risks
Gold briefly climbed above $4,400 per troy ounce on Tuesday, bolstered by weak US employment figures and strong ETF inflows, before Commerzbank warned of headwinds from rising oil prices.
Gold pauses near $4,435 high as oil movements shape US rate outlook
Gold hit a two-month high of $4,435 per ounce before pulling back as surging crude oil prices renewed inflation fears and pushed market expectations toward a potential Federal Reserve interest rate hike.
Gold rises past $4,400 to two-month high amid Middle East tensions
Gold climbed beyond $4,400 per troy ounce on Tuesday to hit a two-month high, driven by soft US employment figures and rising Middle East geopolitical risks.
Gold rises as Hormuz delays and US inflation data keep markets cautious
Gold moved higher to around $4,352 per troy ounce as delayed negotiations over the Strait of Hormuz and upcoming US inflation figures kept market participants on standby.
Gold pauses near $4,345 following strong rally as US inflation data looms
Gold took a breath on Monday, trading near $4,345 per ounce after last week's 7% surge. Markets are weighing Federal Reserve rate expectations ahead of crucial US inflation figures.
China Central Bank Purchases Drive Gold Price Past $4,320
Spot gold rose above $4,320 per troy ounce as China's central bank extended its official reserve accumulation to 21 consecutive months alongside rising investment demand.
Indian gold prices ease as global spot rates retreat from highs
Indian gold rates eased on Monday to INR 13,273.12 per gram as global benchmark prices pulled back from seven-week highs near $4,372 per ounce amid a strengthening US dollar.