Skip to main content
Skip to footer
U.S. economy grew faster than expected in Q2, but inflation pressures eased, maintaining market expectations of a September rate cut
If the PCE data reveals that inflation is slowing and the Fed can cut rates in September, gold prices will likely surge
In a bid to boost demand, India slashed import duties on gold and silver from 15 percent to 6 percent
Gold prices reached a record high of $2,483.60 last week as markets expected a 25-basis-point U.S. interest rate cut by September
Interest rate cut expectations and the political uncertainty in the United States have supported gold prices to their record high
In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram
Fed officials noted that the path toward looser monetary policy has become shorter
Markets are pricing in a rate cut of at least 25 basis points by the Fed at the September meeting
Fed Chair Powell expressed confidence that inflation is returning to the central bank's target of 2 percent
Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool
Gold prices surged above the $2,400 level after data showed unexpected decline in U.S. inflation
Traders are currently pricing in a 46 percent chance that the Fed will cut rates twice by the end of the year
Global physically backed gold exchange-traded funds saw inflows for the second month straight in June
Recent weak U.S. economic data has raised the market's hopes for two interest rate cuts by the end of the year
Unemployment reached a 2.5-year high of 4.1 percent, signaling a softer U.S. labor market
If the non-farm payrolls data declines, investors will likely raise their expectations of a September Fed interest rate cut
The dollar index declined 0.06 percent to 105.34, making greenback-priced bullion cheaper for other currency holders
Fed Chair Jerome Powell said on Tuesday the U.S. was back on a 'disinflationary path' but policymakers remain cautious
Fed chair Jerome Powell's speech later today to provide insight into the U.S. interest rate outlook
U.S. personal consumption expenditures index rose by 2.6 percent in May after a 2.7 percent rise in April
Investors today await the U.S. personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure
Gold prices remain impacted by the Fed's policy decisions and rising geopolitical tensions
Higher 10-year treasury yields and a stronger U.S. dollar trigger decline in gold prices
Gold prices declined over 1 percent on Friday on stronger dollar after U.S. business activity rose to a 26-month high in June
