Monday , 25 November 2024
Home Forex Gold price flirts with one-week top touched on Friday, modest USD strength to cap gains
Forex

Gold price flirts with one-week top touched on Friday, modest USD strength to cap gains

Gold price (XAU/USD) rallied over 1% on Friday and settled near the weekly top following the release of the US Producer Price Index (PPI), which pointed to a favorable inflation outlook and suggested that the Federal Reserve (Fed) will cut interest rates further.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Bessent said his policy priority will be to deliver on Trump’s various tax-cut pledges

Wall Street Journal (gated) with the report :In his first interview following...

UBS target US$2,900 gold year-end 2025 – preferred hedge against geopolitical tensions

The gold price has fallen away to open the week here in...

Bank of England Dhingra and Lombardelli speaking on Monday

The Bank of England reduced rates by 25 basis points to 4.75%...

Japanese Yen builds on its weekly bullish gap-up against USD

The Japanese Yen (JPY) strengthens against its American counterpart at the start...