Saturday, 13 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Prices Edge Up As Markets Await US-China Trade Talks, Inflation Data
Tuesday, 10 June 2025 20:12 WIB | GOLD |GOLDEMAS

Gold prices edged up on Tuesday as investors awaited further clarity on US-China trade talks and awaited key US inflation data due later in the week for clues on the Federal Reserve's future interest rate decision.

Spot gold was up 0.3% at $3,336.33 an ounce, as of 1224 GMT, after falling as low as $3,301.54 earlier in the session. US gold futures were up 0.1% at $3,357.20.

"Gold prices found a bottom amid dip buying, although the rally lacked conviction. Fiscal concerns and Fed rate cut bets were the catalysts for the recovery," said Jigar Trivedi, senior commodities analyst at Reliance Securities.

Top officials from the world's two largest economies sought to defuse a bitter dispute that has spilled over from tariffs to restrictions on rare earths, with trade talks stretching into a second day in London.

The U.S. and China imposed tit-for-tat tariffs in April, sparking fears of a trade war. But last month, the two countries agreed to temporarily suspend tariffs on each other, offering some relief to financial markets.

Investors now await Consumer Price Index data on Wednesday for analysis of the Fed's policy path.

The CPI report will be one of the last major pieces of data before the Fed's June 17-18 meeting, where the Fed is widely expected to keep interest rates on hold.

Spot silver was steady at $36.72 an ounce, near a more than 13-year high. Platinum fell 0.1% to $1,218.85, after hitting its highest since May 2021. Palladium fell 1.4% to $1,059.02.

"Overall, the lack of interest in recent macro data has allowed silver and platinum to take centre stage, both trading much higher in recent sessions before some signs of profit-taking emerged in today's session so far," said Ole Hansen, head of commodity strategy at Saxo Bank. (alg)

Source: Reuters

RELATED NEWS
Gold rises as weak US sentiment and jobs data fuel rate cut expectations...
Saturday, 13 September 2025 02:29 WIB

Gold prices rise over 0.44% during Friday's North American session as weaker than expected jobs market data increased the chances that the Federal Reserve (Fed) will cut interest rates next week. At t...

Gold Bulls Not Ready To Give Up Yet As Fed Rate Cut Bets Keep USD Depressed ...
Friday, 12 September 2025 16:02 WIB

Gold (XAU/USD) trims a part of its intraday gains, though it sticks to positive bias through the first half of the European session on Friday and remains close to the record high touched earlier this ...

Gold set for fourth weekly gain on soft US data, Fed rate outlook...
Friday, 12 September 2025 13:17 WIB

Gold prices rose on Friday and were set for a fourth consecutive weekly gain, as mounting concerns over a weakening U.S. labour market eclipsed inflation worries ahead of a widely expected Federal Res...

Gold Price Forecast: XAU/USD edges lower below $3,650 on profit-taking ...
Friday, 12 September 2025 07:42 WIB

The Gold price (XAU/USD) edges lower to around $3,630 during the early Asian session on Friday. The precious metal retreats from a record high on some profit-taking. Nonetheless, the rising bets of th...

Gold slips as traders book profits despite increasing Fed dovish bets...
Friday, 12 September 2025 02:00 WIB

Gold price trimmed some of its earlier losses on Thursday, yet it remains negative in the day, down over 0.14% as the latest print of consumer inflation was aligned with estimates. Nevertheless, jobs ...

LATEST NEWS
EUR/USD steadies as Fed rate cut bets firm amidst US labor market concerns

EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair...

Bessent met with BlackRock's Rieder as search for next Fed chair continues

U.S. Treasury Secretary Scott Bessent met with BlackRock Inc executive Rick Rieder in New York on Friday, as the Trump administration continued its search for a new chair for the Federal Reserve, a source familiar with the matter said. Bessent has...

Oil gains weighed down by US demand worries

Oil prices rose on Friday after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains were capped by concerns about U.S. demand. Brent crude futures settled at $66.99 a barrel, up 62 cents, or 0.93%. U.S....

POPULAR NEWS
IMF says Fed has scope to lower interest rates
Friday, 12 September 2025 01:38 WIB

The International Monetary Fund on Thursday said the Federal Reserve has scope to lower interest rates because of the weakening U.S. labor market,...

Breaking News: US Annual PPI Inflation Falls to 2.6% in August, Compared to an Expected 3.3%
Wednesday, 10 September 2025 19:39 WIB

Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in...

Fed seen on course for rate cuts after PPI data
Thursday, 11 September 2025 01:30 WIB

The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday...

Breaking News: US CPI Inflation Rises to 2.9% in August, Matching Forecasts
Thursday, 11 September 2025 19:44 WIB

Annual inflation in the United States (US), as measured by changes in the Consumer Price Index (CPI), rose to 2.9% in August from 2.7% in July, the...