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.
US consumer sentiment rose to the highest since April, while year-ahead inflation expectations picked up to a five-month high as Democrats saw a greater risk of price pressures from anticipated ...
The dollar then shed losses after the University of Michigan Surveys for December showed consumer sentiment rising more than forecast while one-year inflation expectations rose to 2.9% from 2.6 ...
USD/CHF jumps to near 0.8900 as the SNB cuts its key borrowing rates by 50 bps to 0.5% against estimates of a 25 bps interest ...
The S&P 500 also rose, gaining, 0.20% to 6,087.52. The University of Michigan consumer sentiment rose for a fifth straight month to 74 in December, recording the highest level since April ...
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