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 Market
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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.
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.
Gold Surges Past $4,300 as Weak US Jobs Data Weighs on Dollar
Gold prices climbed above $4,300 per troy ounce following a contraction in US jobs and a decline in the dollar, with attention turning to upcoming CPI data.
Gold surges past $4,300 as weak US payrolls dampen rate hike bets
Gold rose over 2.3% on Friday to trade at $4,340 after US employment figures showed a contraction of 23,000 jobs in July, dampening expectations of Fed interest rate hikes.