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

2024-05-31 | Market Insight

Gold Climbs After Three-Week Low, Oil Continues to Decline

A downward revision of the U.S. Q1 GDP data weakened the dollar and U.S. Treasury yields, helping gold rebound after hitting a three-week low.

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

2024-05-30 | Market Insight

Gold Falls 1% as Dollar Strengthens, Oil Down Over 1%

Stronger dollar, rising US Treasury yields, and hawkish comments from Fed officials dampened market sentiment, causing spot gold to fall to a two-week low.

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

2024-05-29 | Market Insight

Gold Posts Three Consecutive Daily Gains, WTI Crude Rises Over 2%

Aided by a weaker dollar and safe-haven buying due to geopolitical concerns, gold prices continued to rebound, recording three consecutive daily gains.

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

2024-05-28 | Market Insight

Gold and Oil Prices Up 1% as Market Focuses on PCE Data

On Monday, gold prices rebounded by nearly 1%, influenced by geopolitical tensions and a weaker dollar.