Inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), rose to 2.4% on a yearly basis in May from 2.3% in April, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in below the market expectation of 2.5%. Follow our live coverage of…
Gold price firmly dips below $3,300 on Tuesday, unable to find quick support. Improving market sentiment due to US-EU trade talk efforts sees safe-haven demand fade. The Greenback meanwhile is rolling through markets and is acting as headwind after Japan considers reducing its debt issuances. Gold (XAU/USD) price is trading near $3,290 at the time…
Inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), declined to 2.3% on a yearly basis in April from 2.4% in March, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This reading came in below the market expectation of 2.4%. Follow our Live Coverage here…
Gold price retraces losses on Wednesday after US GDP turns negative. Traders sent Gold initially lower after President Trump signed an order to ease tariffs on car parts. Both daily resistances and supports for Gold are narrowing, signaling the increasing chances of a breakout, from a technical point of view. Gold price (XAU/USD) is recovering…
Gold price sinks over 5% after hitting a new all-time high at $3,500 on Tuesday. US President Trump hints on lowering tariffs for China and confirms Fed’s Powell to stay in function. Markets buy into the turnaround, with equities and bonds higher, safe haven Gold punished. Gold price (XAU/USD) heads towards $3,322 on Wednesday at…
The US Dollar is turning green and avoids a fresh five-month low in the US Dollar Index. Traders see Germany boost its spending by 0.5 trillion Euro. The US Dollar Index recovers from earlier declines as Putin and Trump are talking. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major…
Weak US data and tariff threats boost hopes for a Federal Reserve interest rate cut. Gold price consolidates the prior day’s losses and is looking for support on Wednesday. Market sentiment tries to snap Tuesday’s negativeness and could support Gold price. Gold’s price (XAU/USD) trades near $2,910 at the time of writing on Wednesday, consolidating its…
The US Dollar trades a touch softer on Thursday against most major peers. Traders are quick to ignore the recent Producer Price Index (PPI) release. The US Dollar Index (DXY) resides below 108.00 and is flat for this week. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six…
The US Dollar pops after stronger-than-expected January inflation numbers. Fed Chairman Jerome Powell heads into his second day at Capitol Hill. The US Dollar Index (DXY) shoots higher and heads to 108.50 in the CPI aftermath. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is soaring in…
The number of job openings on the last business day of December stood at 7.6 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. This reading followed the 8.09 million (revised from 8.15 million) openings announced in November and came in below the market expectation…
