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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
Oct 14, 2024
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
Oct 11, 2024
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
Oct 11, 2024
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