Gold (XAU) Daily Forecast: Will $2,630 Resistance Break with CPI Data in Focus?
Gold prices steady at $2,612 despite strong dollar; CPI report could spark breakout or reversal.
Markets Up Ahead of CPI, Jobless Claims Thursday
The Inflation Rate, which is CPI year over year headline, is expected to come down 20 basis points from +2.5% to +2.3%.
Gold News: Sixth Day of Losses as Traders Await Fed Minutes and CPI Report
Rising Treasury yields and a strong dollar pressure gold prices lower. Fed minutes and CPI data to drive market direction.
Stocks rise, Bitcoin and gold dip as investors eye CPI report and rate cut path
Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.
Stocks rise, Bitcoin and gold dip as investors eye CPI report and rate cut path
Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.
Gold Steady; Markets Await U.S. CPI
Gold was steady in the early Asian session. Dampening expectations of a larger Fed rate cut after the unexpectedly strong non-farm payrolls report was capping precious metals' price upside, Sucden Financial said.
Jim Cramer's week ahead: CPI data and earnings from Delta, Domino's and major banks
CNBC's Jim Cramer reviewed next week's top market-moving action, which kicks off with earnings from PepsiCo and an investor day from General Motors. He also highlighted upcoming CPI data and a slew of earnings reports as the season begins, including ones from Delta, Domino's and several major banks.
CPI Card Group: Selling Pressure Doesn't Weaken Fundamentals
CPI Card Group Inc.'s largest shareholder, Parallel49, has registered a secondary share offering to sell up to $29 million worth of shares, causing a sell-off and short-term selling pressure. CPI Card Group's fundamentals remain good, and the company finally returned to growth in Q2 with an upbeat growth outlook for the rest of 2024. The profitability hiccup looks temporary. After the sell-off, PMTS stock is undervalued by a deeper margin, providing a potential buying opportunity.
Why CPI Card Group Stock Crashed 15% Today
Why is CPI's biggest shareholder suddenly selling out?
SPY: CPI Tailwinds Already Priced In
After digesting August's CPI data, I recommend caution as inflation may not be as controlled as the market assumes. Thus, I downgrade SPY to HOLD from my BUY rating issued back in July. SPY's Shiller CAPE is very high and the Excess CAPE Yield very thin.
Bitcoin and gold struggle, stocks dump and pump after CPI data sparks Fed rate cut uncertainty
Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.
Gold sees mild profit-taking after tame U.S. CPI
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
