Gold News: Can Fed Signals and PCE Inflation Data Spark a Gold Breakout? – FX Empire
Are tariff concerns driving demand for safe havens? President Trump's comments on tariffs, including proposed taxes on imports from Mexico, Canada and China, raised concerns about disruption to global trade. This uncertainty has led investors to turn to gold as a hedge against economic uncertainty. Hopes for a “friendlier” resolution on trade talks with China […]
Dow Pops Nearly 500 Points After PCE Report – Barron's
The stock market rose again on Friday, but is not out of the woods yet. The S&P 500 rose 1.5% and the Dow Jones Industrial Average rose 641 points, or 1.5%. The Nasdaq Composite rose 1.5%. The Dow was on track for the day, its worst week since 2023. Even accounting for today's gains, the […]
US Dollar Index hovers near fresh 25-month highs, 108.50, PCE Inflation awaited – FXStreet
The dollar index previously hit 108.49, the highest since November 2022. The US dollar rose as the Federal Reserve emphasized caution on its policy outlook. U.S. gross domestic product (annualized) reported growth of 3.1% in the third quarter, beating expectations for a 2.8% increase. The US Dollar Index (DXY), which measures the value of the […]
US Dollar retreats after GDP, PCE data meets forecast – FXStreet
The US dollar index plunged towards 106.00 on Wednesday. The dollar has fallen, but the market is pricing in a more hawkish Fed, so losses could be limited. October's PCE data met inflation expectations. In Wednesday trading, the U.S. Dollar Index (DXY), which measures the value of the U.S. dollar against a basket of currencies, […]
Gold price hits a three-day low, retreating post US PCE data – FXStreet
XAU/USD fell to $2,646 after September inflation data suggested progress towards the Fed's 2% target. The US 10-year Treasury yield fell 5 basis points, and the US dollar index fell 0.16% to 100.41. Israel's attack on Lebanon raises geopolitical risks, but gold fails to gain momentum as traders cash in their profits. Gold falls to […]
EUR/USD pares losses as soft US PCE inflation weighs on US Dollar – FXStreet
EUR/USD reversed intraday losses after August US PCE inflation report was softer than expected. France's CPI preliminary figures (EU standards) and Spain's HICP in September were below 2% year-on-year. The ECB increased expectations for a rate cut in October after weaker-than-expected inflation data from France and Spain. EUR/USD recovered most of its intraday losses in […]
Gold (XAU) Daily Forecast: US PCE Data Looms, XAU Steady Near Key $2,665 Support Level – FX Empire
Geopolitical tensions in the Middle East continue to support demand for safe-haven assets such as gold, but rising risk appetite and a strong dollar are limiting upside. However, expectations that the Fed will cut rates significantly in November are providing fundamental support for gold. Impact of US economic development and Fed expectations on gold prices […]
Futures lower, consumer spending and PCE ahead – what's moving markets – Investing.com
Investing.com — U.S. stock futures are falling as traders prepare for the release of new economic data on Friday. Investors will have the opportunity to analyze consumer spending and inflation numbers as they try to assess the state of the U.S. economy, with the possibility of further rate cuts by the Federal Reserve later this […]
Gold price consolidates below record high as traders await US PCE Price Index – FXStreet
Gold prices hit new highs on Thursday on the back of dovish expectations from the Federal Reserve. Amid a risk-on mood and overbought conditions, modest gains in the US dollar are capping gains. Traders are now looking forward to the US PCE price index before betting on the direction. Gold prices (XAU/USD) fell during Asian […]
Gold News: Could Upcoming PCE Inflation Data Push Gold to New Highs? – FX Empire
Fed rate cuts fuel gold price gains The Fed's aggressive 50 basis point interest rate cut has reignited bullish sentiment towards gold. Traders had largely expected a 25 basis point cut, but a larger cut has changed expectations and reignited demand for safe haven assets. Moreover, the market is now expecting a further rate cut […]