2024-05-27 | Market Analysis
U.S. Dollar Index Weakens Sharply, Gold and Oil Prices Rebound
Benefiting from the decline in the dollar, gold prices edged up by 0.23% last Friday.
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2024-05-27 | Market Analysis
Benefiting from the decline in the dollar, gold prices edged up by 0.23% last Friday.
2024-05-24 | Market Analysis
The U.S. initial jobless claims data performed strongly, causing investors to worry about the timing of interest rate cuts in the U.S. and the robust performance of American corporate activities.
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The latest meeting minutes from the Federal Reserve show that policymakers acknowledge disappointment with recent inflation figures.
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Due to the increased expectations of a rate cut by the Federal Reserve and the death of the Iranian president in a plane crash, gold prices temporarily surged to a historic high near the 2450 mark.
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Boosted by China’s announcement of new economic measures and rising expectations of a Fed rate cut, gold prices rose nearly USD 40 last Friday, marking the second consecutive week of gains.
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In April, the U.S. consumer price index rose less than expected, and retail sales data were also weaker than anticipated, increasing the likelihood of a Federal Reserve interest rate cut.
2024-05-15 | Market Analysis
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2024-05-14 | Market Analysis
Gold prices fell 1% as some investors took profits, and investors are awaiting key inflation data this week to gain more clues about potential rate cuts in the U.S. this year.
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In recent weeks, weak U.S. employment data has strengthened expectations for a Fed rate cut, driving the rise of non-yield gold. Last Friday, gold prices climbed 0.6%, marking the best single-week performance in five weeks.
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