Gold retreats as US CPI data diminishes Fed rate cut hopes
Gold drops as US inflation data complicates Fed rate cut intentions. Investors rethink Feds monetary approach amid persistent inflation as they now expect two rate cuts in 2024. US real yields rise above 2%, challenging Gold post-CPI releas...
Gold Price Forecast: XAU/USD reaches to all-time highs near
Gold price appreciates on market bias towards rate cuts possibility by major central banks in 2024. Investors expect three rate cuts from the US Federal Reserve (Fed) in the coming months. Investors await the US PCE report to gain additiona...
Gold price falls further towards $2,160 on firm US Dollar
Gold price fails to hold all-time highs around $2,220 as the US Dollar strengthens. The US Dollar capitalizes on the strong US economic outlook. The Feds rate-cut campaign could be less aggressive compared with other central banks in develo...
Gold drops following surging US CPI, high Treasury yields
Gold falls over 1% as Februarys US CPI report surpasses expectations, boosting Treasury yields. Inflation rises to 3.2% YoY, with core CPI slightly above forecasts, influencing XAU/USDs pullback. The surge in US 10-year Treasury yields and...
Gold holds steady as markets await US CPI data
Gold price hovers around $2,180.60, steadying as traders anticipate Februarys CPI release. Core inflation expectations set to influence the US Dollar and potentially bolster Golds position. Following Powells testimony, Golds near breakthrou...
Gold hits new all-time-high amid central bank policy shifts
Golds rally propels it to an unprecedented $2,164.78, buoyed by expectations of easing policies from ECB and Fed. Despite ECBs hawkish hold, Lagardes openness to June adjustments contrasts with rising US Treasury yields. Powell hints at eas...