News&Analysis
Gold price drifts lower amid modest USD strength, downside potential seems limited
Gold price (XAU/USD) rallied over 1% on Friday and settled near the weekly top following the release of the US Producer Price Index (PPI), which pointed to a favorable inflation outlook and suggested that the Federal Reserve (Fed) will cut interest rates further.Fxstreet
21 hours ago
Gold surges on mixed US data, increased Fed rate cut speculation
Gold rallied over 1% on Friday, with the yellow metal set to end the week with modest gains of 0.20% after inflation data revealed on Friday and the Consumer Price Index (CPI) report on Thursday capped the Greenback’s advance.Fxstreet
Fri, Oct 11
Mid-east conflict and OPEC+ restraint hopes preventing a sharp oil correction – TDS
Notwithstanding concerns surrounding a wider Middle East war, which could disrupt oil flows from the region, China stimulus disappointment and OPEC+ producer plans to bring barrels back in the coming months have put the crude oil market at risk of a sharp correction.Fxstreet
Fri, Oct 11
Gold bounces amid dovish Fedspeak
Gold (XAU/USD) trades back in the $2,610s on Thursday after bouncing off the psychological $2,600 level, as the yellow metal gets an uplift from the general slide in global interest rates and a string of Federal Reserve (Fed) officials strike a neutral or dovish tone at their speaking engagements.Fxstreet
Thu, Oct 10