Investing.com– Gold prices rose in Asian trade on Thursday, remaining close to record highs as softer-than-expected U.S. consumer inflation data spurred bets that the Federal Reserve will begin trimming rates. Gains in the yellow metal were also held back by improved risk appetite, while a monthly increase in inflation saw traders position for a smaller
Gold bullion bars are seen for sale at Manfra, Tordella and Brookes, Inc. January 9, 2003 in New York City. Mario Tama | Getty Images Gold prices inched up on Thursday after a 1% decline in the previous session following inflation data that dampened hopes for a larger September U.S. rate cut, while the focus
Brett Heath, CEO and director of Metalla Royalty & Streaming (TSXV:MTA,NYSEAMERICAN:MTA), believes gold is only at the beginning of its current cycle, with US$2,600 to US$3,000 per ounce potentially in sight this year. “We’ve seen one of the most significant breakouts we’ve ever seen in gold, and there’s very, very few people in this trade,”
Gold price regains some positive traction following the overnight post-US CPI decline. Persistent geopolitical risks and Fed rate cut bets continue to offer support to the metal. A modest USD uptick and a positive risk tone could act as a headwind for the XAU/USD. Gold price (XAU/USD) witnessed an intraday turnaround from the vicinity of
Royalty Corp. (GROY) has announced a strong second quarter, with revenue growth driven by strategic acquisitions and the performance of key assets. During the Gold Royalty Quarterly Investor Town Hall Forum, Chairman and CEO David Garofalo and his team expressed confidence in the company’s growth prospects, highlighting a significant increase in revenue and positive free
By Jerry Hill Baylor Bear Insider Representing Australia in the Davis Cup 15 times since 2016, John Peers says “there is no greater honor” than wearing the green and gold. Now, the former Baylor All-American can add an Olympic gold medal to an impressive resume that includes four Grand Slam finals, winning the
Gold prices rose to 4-week highs of $2,480 per ounce at the spot market on Wednesday before declining significantly as the traders reacted to the July US inflation data. The commodity’s price then fell toward the $2,450 territory at the spot market after the release of the July CPI figures. Earlier, the yellow metal came
Gold prices dropped in a volatile trading session on Wednesday after data revealed that U.S. consumer prices rebounded as anticipated in July. This dampened expectations for a significant rate cut by the Federal Reserve next month. Spot gold declined by 0.4% to $2,455.91 per ounce by 1338 GMT, while U.S. gold futures fell 0.5% to
3 min read Last Updated : Aug 14 2024 | 11:30 PM IST Investments in gold exchange-traded funds (ETFs) rose to Rs 1,337.4 crore in July 2024, the highest since February 2020. After experiencing an outflow of Rs 395.7 crore in April, gold ETFs saw inflows of Rs 2,890.9 crore between May and July.
XAU/USD Current price: $2,443.88 The United States Consumer Price Index resulted marginally softer in July. Market participants keep beating the Federal Reserve will trim rates in September. XAU/USD could extend its slide once clearly below $2,438.80, a Fibonacci support level. The US Dollar started the day on the back foot, shedding ground against most major