Gold prices extended gains after U.S. inflation data came in slightly weaker than expected, giving investors a faint hope that the Federal Reserve will continue its path of easing interest rates this year, which weakened the dollar.
Spot gold rose 0.3% to $2,671.27 per ounce. U.S. gold futures settled 0.1% higher at $2,682.30.
The data showed the Producer Price Index (PPI) rose 3.3% on an annualized basis in December, compared with a 3.4% increase expected by economists polled by Reuters.
The cooler PPI data sent the U.S. dollar index lower and that helped the bullion market, as lower inflation means the Fed may be able to cut rates sooner," said Jim Wyckoff, senior market analyst at Kitco Metals. The dollar index, down 0.6%, made gold cheaper for overseas buyers.
As of this writing, gold is at $2,673
Source: Newsmaker.id
Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and ...
Gold reached an all-time high, continuing its extraordinary rally fueled by geopolitical tensions and a weakening US dollar. Spot gold prices rose 1.2% to above $4,530 per ounce, influenced by tension...
Gold reached an all-time high, continuing its extraordinary rally fueled by geopolitical tensions and a weakening US dollar. Spot gold prices rose 1.2% to above $4,530 per ounce, influenced by tension...
World oil prices moved slightly higher in today's trading, with Brent rising slightly to around US$62.3 per barrel and WTI around US$58.4 per barrel, as the market weighed geopolitical tensions in Ven...
Silver continues its rally, reaching a record high of around $75 per ounce, driven by a combination of strong industrial demand, tight supply, and growing expectations of a Fed interest rate cut. This...
The S&P 500 and Dow rose 0.1%, closing at record highs as strength in the technology and energy sectors offset caution related to strong growth data. The Nasdaq also rose 0.1%. Nvidia rose 1% after announcing a licensing deal with AI startup...
Silver broke through $77 for the first time on Friday (December 26th), while gold and platinum hit record highs, driven by expectations of a US Federal Reserve interest rate cut and geopolitical tensions fueling demand for safe-haven assets. Spot...
Oil prices fell more than 2% on Friday (December 26th) as investors weighed the threat of a global oversupply, while also keeping an eye on a potential Ukraine peace deal ahead of talks later this week between Ukrainian President Volodymyr...
Bank of Japan (BOJ) Governor Kazuo Ueda stated that achieving 2% inflation is getting closer, although real inflation remains low. Ueda emphasized...
The White House has ordered U.S. military forces to focus almost entirely on enforcing a Venezuelan oil "quarantine" for at least the next two...
In November 2025, housing starts in Japan declined by 8.5% year-on-year, significantly worse than market expectations of just 0.4%. This decline...
As I conclude 2025 from Beijing, I don't claim to have the ability to predict the future. Predictions often fall short when judged by accuracy....