Gold prices rose on Wednesday as uncertainty surrounding the finalization of a US-China trade deal weighed on sentiment and prompted some safe-haven buying, with investors awaiting key US inflation data for further market direction. Spot gold was up 0.5% at $3,337.99 an ounce, as of 0544 GMT. US gold futures were up 0.5% at $3,359.20. US and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove restrictions on China's rare earth exports, after two days of negotiations in London, with both sides planning to seek approval from...
Silver prices were steady in the European session on Wednesday (6/10). The white metal consolidated as investors awaited the US Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT. Economists expect US headline inflation to accelerate to 2.5% annually, compared to 2.3% in April. In the same period, core CPI – which excludes volatile food and energy prices – grew by 2.9%, faster than the previous release of 2.8%. On a monthly basis, headline and core CPI are expected to grow by 0.2% and 0.3%, respectively. The rising price pressure scenario will allow Federal...
Gold prices rose on Thursday, boosted by rising tensions in the Middle East and a weaker dollar, while weaker-than-expected U.S. inflation data raised expectations for a Federal Reserve interest rate cut. Spot gold rose 0.6% to $3,372.46 an ounce, as of 0202 GMT. U.S. gold futures rose 1.5% to $3,393. Gold prices fell to a near two-month low, making dollar-priced bullion more attractive to overseas buyers. Source: Newsmaker.id