Skip to main content Skip to footer Gold prices gained almost 3 percent in the last 30 days, marking their second consecutive monthly gain
Brent oil futures for October rose 0.2 percent to $80.08 a barrel
Traders priced in a 65.5 percent chance of a 25-basis-point cut and a 34.5 percent chance of a bigger 50-basis-point reduction
Brent oil futures for October delivery dipped slightly to $78.62 a barrel
Markets now await the release of the U.S. PCE data, the Federal Reserve's preferred measure of inflation, on Friday
Traders now see a 70 percent chance of a 25-basis-point rate cut and about a 30 percent chance of a bigger 50-basis-point reduction
The dollar hovered near its lowest level in 13 months, making gold cheaper for other currency holders
Brent oil futures for October delivery advanced 0.8 percent to reach $79.59 per barrel
Gold prices fell almost 1 percent this week after hitting a record high on Tuesday
Brent oil futures expiring in October edged up 0.1 percent to $77.26 per barrel
U.S. dollar index broke its four-day losing streak, recording a 0.17 percent increase
Brent oil futures fell 0.1 percent to $75.95 a barrel
Further supporting gold prices, the dollar index declined to its lowest this year, while benchmark 10-year Treasury yields dipped
Brent crude futures declined by 0.1 percent, settling at $77.11 per barrel
This move reflects TCMB's commitment to a cautious monetary policy, balancing inflation control with economic risks
Brent crude futures dropped 0.7 percent, or 53 cents, to $77.13 per barrel
U.S. dollar index fell to a seven-month low in the previous session, further supporting dollar-denominated gold
Multiple Chinese banks have been given new gold import quotas from the central bank, signaling renewed buying demand
Globally, spot gold was up 0.3 percent at $2,454.40 per ounce
Brent crude futures, expiring in October, fell 0.1 percent to $80.94 a barrel
So far this year, gold prices have gained 19 percent and set a new record high of $2,483.60 on July 17
Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel
Data on Tuesday revealed that U.S. producer prices increased less than expected in July, signaling a cooling in inflation
Gold prices will likely see additional support if a softer U.S. inflation report is released, raising hopes for a larger rate cut