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 Market
Tagged: federal reserve
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.
Gold Pulls Back Above $4,300 as Stronger US Dollar Offsets Weak Job Data
Gold slipped from its highest point since mid-June as a stronger US dollar and Middle East geopolitical tensions countered the impact of weak US employment figures.
US Dollar Softens as July Payrolls Miss Federal Reserve Expectations
The US dollar fell following a weaker-than-expected July payrolls report, leading investors to reduce expectations for Federal Reserve interest rate increases ahead of key inflation figures.
Weakening US jobs data shifts focus back to Fed mandate
A surprise drop in US nonfarm payrolls and lower participation rates have highlighted fresh economic weakness, prompting analysts to re-evaluate the Federal Reserve policy outlook.