TAG: us inflation
Gold Prices Today: Yellow metal extends gains as investors await US inflation data, silver up 0.6%
Gold Prices Today: Gold prices extended gains on Wednesday, March 27, as investors awaited US inflation data that will throw further light on the US Federal Reserve's policy path after the central bank kept interest rates unchanged for the fifth straight...
6 months agoGold price dips on US Fed's rate hike fear. Right time to buy?
Gold rate today: On account of stronger than expected US inflation and labour data, market is buzz about 25 bps rate hike by the US Fed in its upcoming meeting next month. This led to slide in gold price in early morning deals in Asian and Indian markets...
6 months ago
Canadian dollar gets spanked, BoC holds rates
The Canadian dollar is almost unchanged on Thursday, after sliding 0.8% a day earlier. In the European session, USD/CAD is trading at 1.3569, up 0.04%. BoC holds interest rates There were no surprises from the Bank of Canada, which maintained the cash rat...
6 months ago
Euro can’t find its footing after ECB pause
The euro continues to stumble and is down for a fourth straight day. In the European session, EUR/USD is trading at 1.0653, down 0.67%. The euro has fallen 1.7% this week as the US dollar continues to flex its muscles against the major currencies. ECB hol...
6 months ago
Euro ends slide as industrial production rebounds
The euro has stabilized on Monday after sustaining sharp losses on Friday. In the European session, EUR/USD is trading at 1.0656, up 0.14%. The US dollar posted strong gains last week against the majors and surged 1.8% against the euro, which fell to a si...
6 months ago
Oil prices drop after high US crude stock offsets impact of Middle-East conflict; Brent at $89/bbl
Oil prices fell on Wednesday, April 10, after US government data showed earlier today that crude oil and fuel inventories rose by much more than expected on weak demand and lower oil exports. US crude stocks climbed by 5.8 million barrels in the week end...
6 months ago
Gold prices hit all-time high on strong US inflation figures, Fed rate cut buzz. Silver price also climbs a new peak
On account of strong US inflation figures and the US Fed rate cut buzz, the gold rate today climbed to a new peak in the domestic and international markets. Comex gold price today climbed to a new lifetime high of $2,412 per troy ounce while the spot gol...
6 months ago
Gold price rise: Baffled by the increase, Chris Wood in Green and Fear explains likely reasons behind it
Gold prices have experienced an upward trajectory in recent months, surging by approximately 29 percent since October. Moreover, due to robust US inflation data and speculation surrounding a potential rate cut by the US Federal Reserve, gold prices today...
5 months ago
US inflation rises in line with expectations in March
US inflation rose moderately in March, but that is unlikely to change financial markets' expectations that the Federal Reserve will hold off cutting interest rates until September.The personal consumption expenditures (PCE) price index increased 0.3% last...
5 months ago
Pound shrugs as construction PMI jumps
The British pound is slightly lower on Tuesday. GBP/USD is down 0.21%, trading at 1.2535 in the European session at the time of writing. The UK construction PMI jumped to 53.0 in April, up from 50.2 in March and above the forecast of 50.4. This is only th...
5 months ago
US retail inflation falls to 2.9% in July
US consumer prices rebounded as expected in July, but the trend remained consistent with subsiding inflation and did not change expectations that the Federal Reserve will cut interest rates next month.The consumer price index increased 0.2% last month aft...
2 months ago
Core US inflation picks up, damping odds of outsize Fed cut
Underlying US inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the chances of an outsize Federal Reserve interest-rate cut next week.The so-called core consumer price index — which excludes food and energy c...
1 month ago