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
Tagged: federal reserve
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 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 awaits bigger catalysts beyond Friday’s US CPI data
Gold’s price range of 4,230–4,697 remains intact. Friday’s US CPI may shift prices within that zone, but the bigger forces are the Fed’s expected rate peak, oil normalisation and the dollar debasement trade.
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.
Australian shares flat as energy gains offset gold stock weakness
Australian shares traded in a narrow range on Monday as strength in energy stocks from rising oil prices countered a 1% drop in gold miners, leaving the S&P/ASX 200 flat.
Gold price holds near $4,400 as mixed signals keep traders cautious
Gold opens the week near $4,400, caught between rate hike fears from strong US jobs data and support from a stable dollar. Technical indicators suggest consolidation.