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: us dollar
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 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 climbs past $4,400 as cooling US inflation eases Fed pressure
Gold prices surpassed $4,400 per ounce after US consumer inflation softened in July, encouraging expectations that the Federal Reserve will leave interest rates unchanged at its upcoming policy meeting.
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 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 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.