Key Points
(Reuters) Gold prices inched lower on Monday pressured by a gaining U.S. dollar, but bullions losses were cushioned as growing tensions in the Middle East supported the safe-haven near last sessions over two-week highs...
U.S. gold futures edged 0.4% lower to $2,041.5 per ounce...
Gold has exhibited some mild easing to kick-off the new week mostly due to the dollar ticking higher.However, geopolitical concerns have not dissipated, and this is keeping the yellow metal very much on the radar of investors from a safe-haven standpoint, Tim Waterer, chief market analyst at KCM Trade, said...
If solid U.S. macro data continues to create hesitation from the Fed regarding when to cut rates, this could create further headwinds for gold as investors may chase yield elsewhere, Waterer said...
Another Fed official sees the U.S. central bank on track to cut interest rates later this year despite stronger-than-expected inflation and labour market data in January...
You might be interested in
Gold edges up as traders eye cues on US rate cuts
24, Jan, 24By Anushree Ashish Mukherjee (Reuters) - Gold prices inched higher on Tuesday as investors awaited a slew of U.S. economic data this week for more cues to the Federal Reserve's interest rate cut
Gold steadies ahead of key U.S. data
22, Jan, 24(Reuters) - Gold prices steadied on Monday as traders braced for fresh data on U.S. economic growth and the Federal Reserve's preferred inflation gauge due later this week, ahead of the central bank's
Gold backs off two-week highs on US rate cut concerns
26, Feb, 24By Sherin Elizabeth Varghese (Reuters) - Gold prices eased on Monday, hovering below the over two-week peak hit in the previous session, as fading odds of an early U.S. interest rate cut weighed on
US dollar slips after inflation data, Fed meeting looms next week
27, Jan, 24By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar inched lower on Friday, after data showed inflation rose modestly in December but was trending lower, which should keep the Federal
Gold ticks higher as dollar slips on Fed pause bets
20, Nov, 23Gold prices edged higher on Monday, as the dollar extended its slide after recent U.S. economic data boosted bets that the Federal Reserve was done with its interest rate hikes.
Gold atop 6-month peak on softer US dollar, bets on Fed pause
27, Nov, 23Gold prices climbed a six-month peak on Monday, supported by a weaker U.S. dollar and on bets that the U.S. Federal Reserve is done with its interest rate hike cycle, while the focus shifted to U.S. inflation data due later this week.
Dollar mixed before inflation data, bitcoin slips
09, Jan, 24By Karen Brettell NEW YORK (Reuters) - The dollar edged higher against the euro on Tuesday and dipped against the yen as traders waited on inflation data on Thursday for clues on when the Federal
Dollar gains ground in busy data week, US inflation in focus
26, Feb, 24By Rae Wee SINGAPORE (Reuters) -The dollar was on the front foot on Monday ahead of a packed week filled with key economic releases that will provide further clues on the global interest rate outlook,
Dollar eases ahead of US inflation data, bitcoin stands firm
11, Jan, 24By Amanda Cooper LONDON (Reuters) - The dollar drifted lower on Thursday as traders waited for U.S. inflation data to confirm whether bets on as many as five Fed interest rate cuts this year were
Dollar firms past 150 yen as US, Japan rates outlook diverge
20, Feb, 24By Rae Wee SINGAPORE (Reuters) - The yen was pinned near a three-month low against the dollar on Tuesday as sticky U.S. inflation bolstered the case for higher-for-longer interest rates, contrasting