Bullion Markets This Week: US Inflation, Crude and Middle East Tensions to Set the Tone
16 Articles
16 Articles
Gold has fallen and the dollar has been under pressure as American inflation data are expected this week, amid high interest expectations in September, at a time when global tensions may limit American currency gains.
This article was first published via Cedarnews.net. For more exclusive news and reports, visit us on our website. Oil and gold prices continued to move in global markets. Oil prices rose today amid rising fears of a long-term disruption in supplies in the Middle East, against the backdrop of mutual attacks between the United States and Iran on ships in the Strait of Hormuz and other regions, according to “Reuters.” Brent crude futures rose 52 ce…
Bullion markets this week: US inflation, crude and Middle East tensions to set the tone
This week sees potential volatility in gold and silver prices, primarily driven by upcoming US inflation figures and interest rate speculation. The influence of crude oil fluctuations and geopolitical developments in the Middle East also play a significant role. Additionally, ongoing purchases by central banks, notably in China, bolster gold values. Key economic reports from Germany, China, and the Eurozone will further guide market sentiment.
Metal prices remain close to $4,400 an ounce, while the market assesses the impact of tensions in the Middle East and the upcoming signs of inflation in the United States
Weekly data: Oil and Gold: Price review for the week ahead
This preview of weekly data examines USOIL and XAUUSD, with economic data expected later this week as the primary market drivers of the near-term outlook. Highlights of the week: Chinese inflation, ECB decision, British GDP & US inflation Tuesday Chinese Balance of trade at 03:00 AM GMT, where the figure for August is expected to increase from $112.5 billion to $120.1 billion. If this is broadly accurate, then it might create some gains for th…
Attacks on Iranian oil tankers and loss of hope over a nuclear deal threaten to raise the price of energy just before the critical week for inflation.
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