Hot Inflation Report Sends Gold and Silver Lower as Netflix Plans 1,000 Job Cuts
8 Articles
8 Articles
The prices of future gold contracts closed in high, this Friday (16), in the face of the reduction of the expectations of increase of interest in the United States this month, which favors the demand for the precious metal, which offers no yield. On Thursday (15), the gold had advanced 1.6%, in the greatest gain in more than two weeks. At Comex, division of metals of the New York Mercantile Exchange (Nymex), the gold with delivery planned for Oc…
Qatar News: Gold prices show a weekly loss of 0.7%.
Hot Inflation Report Sends Gold and Silver Lower as Netflix Plans 1,000 Job Cuts
Stronger-than-expected US inflation sent gold and silver prices tumbling on Wednesday, bringing the precious metals close to their lowest levels in about two-and-a-half months as investors reassessed the likelihood of another Federal Reserve interest-rate increase.
The expectation that the Fed will continue raising interest rates after stronger-than-expected inflation data in the US shook global markets. Gold prices closed the week with losses, while Brent oil and the dollar climbed; and the cryptocurrency market saw selling pressure.
In the final trading session of the week, spot gold prices fell 0.1% to $4,165.12 per ounce; while US gold futures for December 2026 rose 0.3%, reaching $4,181.10 per ounce. Gold prices continued to trade sideways, with SJC gold maintaining at 143.3 million VND per tael. World gold prices rose more than 1% as the US dollar weakened. Gold prices recovered from their lowest level in a week.
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