Gold reaches $4,397 an ounce as dollar softens and Fed bets recede
Gold advanced to $4,397 an ounce on Friday, heading for a 9% monthly rise as softer US inflation figures reduced the likelihood of a September Federal Reserve rate increase.
Gold Market
Tagged: gold price
Gold rebounds after profit taking as US interest rate worries ease
Gold prices stabilised after an early pullback on Friday, supported by cooling US inflation numbers that reduced expectations of an imminent interest rate increase.
Indian gold rates surge from ₹89 in 1947 to ₹1,54,500 per 10g
Retail gold in India has risen from ₹89 per 10 grams at independence in 1947 to ₹1,54,500 per 10 grams, reflecting decades of economic shifts.
Gold gains on softer dollar as steady inflation eases rate worries
Gold prices advanced towards a weekly gain on Friday, supported by a weakening US dollar and steady inflation data that cooled expectations of further Fed rate hikes.
Gold advances towards $4,400 as cooling US data curbs rate hike bets
Gold prices climbed towards $4,400 an ounce after weaker US economic data, including a drop in retail sales and softer inflation, diminished expectations of further Federal Reserve rate hikes.
Gold recovers towards $4,370 as weak US economic data cools rate hike bets
Gold rallied towards $4,372 an ounce on Friday, recovering from an intraday low of $4,311 after disappointing US retail sales figures weighed on the dollar and Treasury yields.
Gold holds above $4,300 as cooling US inflation tempers Fed rate hike bets
Gold prices held above $4,300 per ounce after cooling US producer price data reduced the likelihood of a near-term Federal Reserve interest rate rise.
Gold dips towards $4,365 as dollar recovers after US inflation data
Gold prices dropped 1% to trade near $4,365 per ounce on Thursday as the US dollar recovered ground, despite signs of slowing factory inflation and higher jobless claims.
Gold trades near $4,400 as Middle East risks offset US CPI data
Gold traded close to $4,400 per troy ounce as persistent Middle East friction balanced out softer US inflation data that tempered Federal Reserve interest rate expectations.