Gold Holds Firm Ahead of US Inflation Data
5 Articles
5 Articles
Gold dropped 0.3% to $4157.90 per ounce, and the dollar fell from the highest level in 18 months, while oil varied as American inflation data and global supply concerns were anticipated.
Gold prices ease to $4,160.47 as investors await U.S. inflation data, fed signals
Gold prices eased on Wednesday as investors awaited U.S. consumer price index (CPI) data for fresh indications of the Federal Reserve’s monetary policy outlook, with expectations for further interest rate increases continuing to shape market sentiment. As of 5:31 GMT, spot gold eased 0.02 percent to $4,160.47 per ounce, while U.S. gold futures for December […]
Gold prices traded sideways ahead of the release of US inflation data. With an ounce of gold trading at $4,159, investors focused on the CPI data, which could guide the Fed's interest rate policy. Tensions in the Middle East and rising oil prices were also on the market's agenda.
Investors are looking forward to the Consumer Price Index data that will be published Wednesday in the US.
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