Gold advances as inflation data fuels Fed rate cut optimism
Gold gained on Wednesday after an inflation print came in line with expectations, boosting the likelihood of a Federal Reserve rate cut next week, while investors awaited U.S. Producer Price Index (PPI) data for further direction on monetary policy.
Inflation data paves way for more Fed rate cuts into next year, says CIO
Fresh inflation data sets the table for a Federal Reserve rate cut at its policy meeting next week and paves the way for more cuts next year. That's Whitney Watson, global co-head and co-chief investment officer of fixed income and liquidity solutions within Goldman Sachs Asset Management,
By adding gold to your portfolio, you can not only safeguard your wealth against rising inflation but also bolster your financial resilience in an unpredictable economic landscape. As inflation ticks ...
Gold prices were flat on Wednesday as investors awaited a U.S. inflation print that could influence the likelihood of a ...
Gold prices rallied Wednesday after U.S. inflation data met market expectations, gaining for a fourth straight session to settle at $2,756.70 an ounce on Comex — the highest level since Oct. 30, the ...
Gold held a three-day advance as traders prepared for US inflation data that will help determine whether the Federal Reserve ...
Gold prices remained near a two-week peak touched earlier on Wednesday, supported by escalating geopolitical tensions and ...
Gold futures were rising 0.3% to $2,725.60 a troy ounce ahead of the release of key U.S. economic data. Investors are ...
Meanwhile, the Pakistani rupee experienced a slight decline of 0.04% against the US dollar in the inter-bank market on ...
Global shares turned lower on Monday as traders focused on U.S. inflation data and chip stocks fell, while Beijing's promise ...
Gold prices are currently holding steady in wait-and-see mode as traders turn their attention to a series of high-impact ...
Asian stocks were mixed on Wednesday after U.S. indexes drifted lower on Tuesday ahead of an update on U.S. consumer inflation due later in the day. Context: Traders are pretty sure of a Fed rate cut.
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