Gold pared its biggest slump in six weeks as investors bet that a jump in consumer prices won’t trigger an earlier-than-expected rise in the U.S. interest rates even as debate about inflationary pressures intensify
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U.S. Inflation Surges to 13-Year High of 4.2%
The consumer price index rose 4.2% from a year ago, according to government data released on Wednesday, well above consensus forecasts for 3.6%. U.S. inflation surged to its highest rate…
Gold retreats as FED officials see U.S. recovery despite risks
Gold declined after Federal Reserve policymakers said the U.S. economy is on the road to recovery despite still facing risks, while traders await consumer price data later Wednesday amid jitters over inflation. The the economic situation is improving, but it’s premature to discuss reducing monetary policy support
Dollar hovers near 10-week lows as inflation expectations skyrocket
The dollar languished at around 2-1/2 month lows as investors bet that rising inflation would erode the currency’s value as the U.S. Federal Reserve maintains its loose monetary policy. The five-year breakeven inflation rate – which measures expectations of inflation five years out – reached its highest since April 2011 on Monday.
Gold holds near three-month high as Inflation, FED in focus
Gold held near the highest level in three months as investors weighed growing inflation risks and comments from Federal Reserve officials on the labor market for clues on monetary policy going forward.
Gold, silver see price gains amid greenback erosion
Gold and silver prices are higher on Monday and near their multi-week highs. The metals are supported by a slumping U.S. dollar index that hit a 2.5-month low overnight. The near-term technical postures for both metals are also bullish, which continues to invite the shorter-term futures traders on board the long sides of those markets.
Gold near three-month high after U.S. Job growth disappoints
Gold steadied near the the highest level in almost three months as investors weighed weaker-than-expected U.S. job growth figures, which supported the case for continued economic stimulus and low interest rates.
