Bullion Markets This Week: US Inflation, Crude and Middle East Tensions to Set the Tone
19 Articles
19 Articles
aljazeera.net
sawaleif.comGold has fallen and the dollar has been under pressure as American inflation data are expected this week, amid high interest expectations in September, at a time when global tensions may limit American currency gains.
This article was first published via Cedarnews.net. For more exclusive news and reports, visit us on our website. Oil and gold prices continued to move in global markets. Oil prices rose today amid rising fears of a long-term disruption in supplies in the Middle East, against the backdrop of mutual attacks between the United States and Iran on ships in the Strait of Hormuz and other regions, according to “Reuters.” Brent crude futures rose 52 ce…
Bullion markets this week: US inflation, crude and Middle East tensions to set the tone
This week sees potential volatility in gold and silver prices, primarily driven by upcoming US inflation figures and interest rate speculation. The influence of crude oil fluctuations and geopolitical developments in the Middle East also play a significant role. Additionally, ongoing purchases by central banks, notably in China, bolster gold values. Key economic reports from Germany, China, and the Eurozone will further guide market sentiment.
Economy: Direct - Global equities have been carefully traded with rising oil prices and bond yields in Europe and Asia following rising tensions in the Middle East...
International gold prices have been fluctuating at high levels ahead of the release of US inflation data. Foreign media points out that US economic data remains resilient, and rising US Treasury yields are putting short-term pressure on gold. The market is also focused on the US Treasury's bond repurchase program and subsequent inflation data. Analysts believe that $4,300 per ounce is a key level for gold; a breach of this level could lead to a …
Metal prices remain close to $4,400 an ounce, while the market assesses the impact of tensions in the Middle East and the upcoming signs of inflation in the United States
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