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.
Gold price advances further as inflation data affirms rate cut bets
All eyes are now on the upcoming producer price data due on Thursday for further clarity on Fed rate cut path.
Gold Holds Slump as Traders Weigh Mixed US Data, Rate Outlook
Gold held a decline after mixed US data encouraged traders to book profits ahead of the Federal Reserve’s final policy meeting of the year.
Gold slips, but set for weekly rise on potential Fed rate cut
Gold prices fell on Friday after bullion hit a more than five-week high in the previous session and as the U.S. dollar gained, but prices were on track for a weekly rise on expectations of a Federal Reserve rate cut next week.
Gold Edges Higher as Fed Rate Cut Prospects Support
Gold edges higher in the early Asian session, supported by ongoing prospects of a Fed rate cut next week. The move came after U.S. CPI rose 2.7% on-year in November, matching consensus expectations. “Lower borrowing costs are positive for gold as the metal doesn’t pay interest,
Gold Holds Four-Day Climb as US Data Reinforce Rate-Cut Outlook
Gold held a four-day advance after a key US inflation report supported expectations for another interest rate cut by the Federal Reserve when policymakers meet next week.
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Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets closed flat on Wednesday, with IT and consumer stocks gaining. Investors are awaiting US and Indian inflation ...
Asian stocks rally on Fed cut bets, $A up on jobs data
Japan's Nikkei topped 40,000 for the first time since mid-October, led by advances in chip-sector shares. The exporter-heavy ...
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Asian shares rally on Fed cut bets; Aussie jumps on jobs data
Asian stocks gained on Thursday, tracking Wall Street’s tech-led rally overnight after an as-expected reading of US consumer ...
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Consumer Sentiment Hits 7-Month High: 3 Mutual Funds With Upside
Donald Trump’s win in the U.S. presidential election has bolstered the sentiment of Americans. Consumer sentiment, which was sinking until a few months ago, has jumped since his landmark victory in ...