Gold price dives to over two-week low amid further USD recovery, ahead of US PCE data – FXStreet
Gold prices attract sellers for the second day in a row, amid wide strong US dollars. The risk-off mood and US bond yield slides do little to support precious metals. Traders are currently looking forward to the US PCE Price Index for meaningful driving forces. Gold prices (XAU/USD) are now low for the second day […]
Gold News: Will Upcoming PCE Inflation Data Reinforce Gold’s Appeal? – FX Empire
Daily Gold (Xau/USD)The broader trend in gold remains bullish, with the $3,000 level as an important psychological target. Strong, safe demand driven by US trade tensions and escalating sustained inflation risks supports further benefits. Next week, traders will focus on core personal consumption spending (PCE) deflators, with economists expecting a 0.3% increase. Other important reports […]
Bidenflation’s Last Gasp? December Data Shows A Jump In PCE Inflation
The inflation pace picked up in the last month of Joe Biden's president's position has ended the worst burst of consumer prices that rises in 40 years. The personal consumption expenditure price index increased by 0.3 % in December, accelerating from the 0.1 % increase in November. During 2024, the index, which is a measure […]
Gold (XAU) Price Forecast: Bullish Momentum Holds Above $2800 as PCE Data, Tariffs Loom – FX Empire
12:30 GMT trades $ 2804.96 and has increased $ 10.80 or +0.39 %. Purchasing the central bank and the risk of inflation maintains gold support Beyond the tension of trade and stable central banks are still an important pillar of gold support. “I think the purchase of the central bank is the strongest structure in […]
Pound Sterling flattens against USD ahead of US core PCE inflation – FXStreet
Poundsterling is trading for more than 1.2400, as investors are focusing on US PCE inflationata in December. The threat of tariffs between President Trump's BRICS and his North American colleagues has increased USD's safe home appeal. Investors hope that BOE will resume the interest rate cut cycle on Thursday. Pound Stirling (GBP) is a Friday […]
Japanese Yen extends its steady intraday descent against USD; US PCE data in focus – FXStreet
Japan's yen will decrease in response to Governor Komita's remarks this Friday. BOJ rate hiking beds, geopolitical risks, and fear of trade war can support safe JPY. The suppressed US dollar price action may contribute to the USD/JPY upper limit before US PCE data. The Japanese yen (JPY) attracts the sellers during the day and […]
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, […]