Gold price bounces from daily lows of $2,356, now at $2,385. Fed’s preferred inflation gauge shows mixed results, edging closer to the 2% target. US […]
Tag: rises
Gold rises sharply to six-week high on dismal US labor market data
Gold price leaped over 1% to $2,385, spurred by mixed US NFP data and heightened Fed rate cut speculation. June NFP surpasses forecasts, yet revisions […]
Gold price rises amid climbing US Treasury yields and strong US Dollar
Gold trims some of last week’s losses, posts gains of over 0.50% despite USD strength. US Nonfarm Payrolls report shows resilient labor market with 272,000 […]
USD/CAD rises toward 1.3700 ahead of US PCE, Canada’s GDP
USD/CAD rebounds as investors adopt caution ahead of US PCE on Friday. The decline in the US Treasury yields could limit the advance of the […]