Wall Street undecided on gold's near-term trajectory, Main Street flirts with bearish bias after gold hits $4,200/oz ceiling
Gold prices staged a late-week recovery after coming under heavy pressure from hotter-than-expected U.S. inflation data, rising Treasury yields, and a firmer dollar, as falling bond yields and reduced expectations for an October Federal Reserve rate hike helped the precious metal recover much of its losses.
Gold looks to housing, PMI and consumer sentiment data for direction next week
Gold heads into the coming week with investors focused on the health of the U.S. economy and the Federal Reserve's interest-rate outlook, as housing, employment and business activity data could drive volatility across precious metals markets.
Gold holds near $4,170 as inflation keeps December Fed tightening in play - Kitco AM Report
Spot gold prices were near steady and spot silver prices were modestly higher in early U.S. trading Friday, as a softer dollar and lower Treasury yields on the week continued to support precious metals following Thursday's rebound.
Gold (XAUUSD) & Silver Price Forecast: Fed Hike Bets in Focus, Can Gold Break $4,201?
Gold (XAUUSD) and silver price forecast: Fed rate path and 6.3% PPI steer metals as gold holds $4,176 and eyes $4,201, while silver tests $57.86 resistance.
Gold Falls as Investors Await Fed Chairman's Remarks
Gold fell in early Asian trade. Investors are focusing on Fed Chairman Kevin Warsh's remarks at the International Monetary Fund meeting in Bangkok.
China buys the gold dip as ETF holdings hit record and holiday demand lifts Q4 outlook – WGC
China's central bank added 23 tonnes of gold to its reserves last month, while the country's gold ETFs saw healthy inflows in September to cap a strong quarter, and the recent holidays and festivals saw demand for gold jewelry, bars and coins rise as prices moderated, according to Ray Jia, research head for China at the World Gold Council (WGC).
Gold Lost $100 an Ounce in Hours After the Inflation Report
Gold is supposed to surge when inflation runs hot, but on the day a surprise CPI report rattled markets, the metal cratered instead. The reason traces back to a single number the Federal Reserve is watching very closely.
Gold owners ‘got tricked' in 1933, Mario Innecco says, and bullion banks are still trying to keep gold ‘under control'
Inflation hit 3.7% and gold fell as much as $80. The former London bond broker, who bought his first gold in 2002, says the 40-year bond bull market is over and savers will pay for it.
Gold price near session high after Philly Fed survey falls to 20.9 in October
– Gold prices are trading near session highs on Thursday morning after the Philadelphia Federal Reserve's manufacturing sector survey declined beyond expectations this month.The regional central bank said its manufacturing business outlook for October came in at 20.9 after a reading of 37.8 in September. The data was far worse than expected, as economists were looking for a reading of 28.4 this month.
Gold holding its ground as U.S. labor market remains steady
Although persistent inflation remains a dominant force in the economy, its effects on the labor market remain muted, as the number of American workers applying for first-time unemployment benefits remains stable.Initial claims for state unemployment benefits came in at a seasonally adjusted 199,000 for the week ending October 10, the Labor Department announced Thursday. The number was in line with consensus estimates.
Spot gold near highs after New York manufacturing index rises to 25.5
Gold prices were trading near session highs after manufacturing activity in the New York region rose further into expansionary territory this month, though price pressures and the outlook worsened, according to the latest data published by the New York Federal Reserve.
Gold price hits $4,154/oz after retail sales rise 0.8% in September
The gold market is trading near session highs after the latest data showed American consumers' spending rising more than expected last month.U.S. retail sales rose 0.8% in September following a revised reading of 1.3% in August, the U.S. Commerce Department announced on Thursday. The data was better than expectations, as the consensus of economists projected a 0.3% increase in September's headline number.
