Key Points
(Reuters) Gold prices hovered near a month high on Friday after data suggested easing U.S. price pressures, while traders awaited remarks from several Federal Reserve officials...
Spot gold edged 0.1% higher to $2,046.09 per ounce, as of 0420 GMT, after hitting $2050.59 on Thursday its highest level since Feb. 2. U.S. gold futures were flat at $2,054.60...
Gold traders rejoiced the fact that core-PCE slowed annually, City Index senior analyst Matt Simpson said.. Data showed on Thursday PCE inflation in January rose 2.4%, the smallest annual increase since February 2021, after a 2.6% advance in December...
Whilst negative ETF flows are capping gold prices, Chinas central bank is a key reason that gold prices remain supported, as they were the second highest purchaser of gold reserves in the fourth quarter, Simpson said.. Spot platinum climbed 0.8% to $882.60 per ounce, and palladium rose 0.7% to $948.38..
Platinum group metals producer Impala Platinum said it could shut some of its loss-making South African mining operations if metal prices deteriorate further and restructuring efforts fail to improve margins...
