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Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-14 | Market Insight

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

Gold hold steady near record highs as oil slips, with markets focusing on upcoming US CPI data and retail sales figures, which could influence the Fed’s rate

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-13 | Market Insight

Gold Rises as Oil Prices Surge Amid Global Supply Fears

Gold surged over $40 driven by safe-haven demand and anticipation of US inflation data, while oil jumped more than 3% amid escalating Middle East tensions

Gold and Oil Prices Surge on Strong US Jobless Data

2024-08-09 | Market Insight

Gold and Oil Prices Surge on Strong US Jobless Data

Gold and oil prices surged over 1% as strong US jobless claims data and heightened Middle East tensions fueled market optimism, reversing recent declines

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-08 | Market Insight

Gold Retreats on Strong Dollar; Oil Soars 3%

Amid a strong dollar and rising bond yields, gold prices faced resistance. A larger-than-expected drawdown in US oil inventories boosts oil prices by 3%

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-07 | Market Insight

Gold Dips as Dollar Strengthens; Oil Prices Down

Gold prices drop below $2,400 as stronger dollar and easing recession fears pressure the market. Oil prices continue to weaken amid EIA’s lowered price forecast

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-06 | Market Insight

Gold and Oil Slide as US Recession Fears Mount

Gold prices fell over 1% and oil prices dropped amid increasing concerns about a US recession. Global stock market declines and weak economic data added to

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-01 | Market Insight

Gold Hits Two-Month High, Oil Rebounds 5%

Gold prices surged as Fed Powell hinted at a potential rate cut in September. Oil prices rebounded nearly 5% on geopolitical concerns.

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-07-30 | Market Insight

Gold Down on Rising Dollar; Oil Prices Decline

Gold prices fell 0.2% as the dollar strengthened and safe-haven demand faded. Meanwhile, oil prices dropped to a near seven-week low

Gold and Oil Prices Surge on Strong US Jobless Data

2024-07-25 | Market Insight

Gold Faces Resistance, Oil Prices Edge Up on Inventory Drop

Gold prices initially surged above the $2430 level due to expectations of two rate cuts by the Federal Reserve this year, leading to a weaker dollar.

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-07-16 | Market Insight

Gold Rises on Rate Cut Hopes, Oil Prices Retreat

Gold prices surged to a near two-month high as Fed Powell’s dovish comments boosted rate cut expectations. Meanwhile, oil prices fell due to demand concerns