US EditionGold Gains over 1%, Spotlight on US-Iran Ceasefire and CPI Data
A weaker dollar made bullion more affordable as investors weighed a fragile Washington-Tehran ceasefire and awaited March U.S. inflation data.
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8 Articles
Gold gains over 1%, spotlight on US-Iran ceasefire and CPI data
Gold prices gained over 1% on Thursday as a weaker U.S. dollar lent support, while investors assessed the durability of a fragile ceasefire between Washington and Tehran and awaited U.S. Consumer Price Index data.
Priceable metal with expected delivery for June closed at a height of 0.95%), US$ 4.818.00 per 11-threy
Gold Price Today: Bullion Jumps as Dollar Slips and Fragile Iran Truce Keeps CPI in Focus
Spot gold rose 1.6% to $4,789.67 an ounce by 1:30 p.m. ET Thursday as the U.S. dollar weakened and Treasury yields slipped. U.S. gold futures settled 0.9% higher at $4,818.00. Traders watched a fragile ceasefire between Washington and Tehran and awaited Friday’s U.S. inflation data. March saw gold’s steepest monthly drop since 2008, according to China’s central bank. The post Gold Price Today: Bullion Jumps as Dollar Slips and Fragile Iran Truce…
Financial markets have been enjoying a resounding relief over the past 24 hours following the ceasefire between the US and Iran. However, investors hoping for a rise in gold prices may be left wanting.
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