US Treasury yields down

ByVictoria

Investors are expecting a packed week of economic data starting with the Chicago Fed National Activity Index for January out on Monday at 8:30 a.m. ET. This will be followed by the Dallas Fed Manufacturing Index at 10:30 a.m.

The most anticipated data for the week will be the personal consumption expenditure index, which will be delivered on Friday at 8:30 a.m. ET. The Federal Reserve’s preferred inflation gauge heavily influences the Fed’s rate-cutting decisions.

Source – CNBC

Similar Posts

  • /

    Goldman Sachs co-head says gold is his favorite commodity

    ByVictoria
    0 Comments

    2 reasons. The most important reason is that we think that central bank demand for gold, will structure your main higher.

    The second reason is gold is a great hedge against tariff escalation concerns about debt sustainability. Daan Struyven, Goldman Sachs co-head of global commodities research

    Source – CNBC / Video

  • / /

    Gold and Silver up, weak dollar

    ByVictoria
    0 Comments

    Spot gold gained 0.8% to $3,340.53 an ounce as of 0300 GMT, after hitting its highest level since May 9.

    U.S. gold futures rose 0.9% to $3,341.90.

    “Gold’s bullish reversal is supported by a weaker U.S. dollar and lingering stagflation risks in the U.S. economy,” said Kelvin Wong, senior market analyst, Asia Pacific at OANDA.

    Spot silver rose 0.5% to $33.54 an ounce, platinum gained 0.1% to $1,077.33 and palladium lost 0.6% to $1,031.46.

    Source – Reuters

  • /

    Gold hits all-time high

    ByVictoria
    0 Comments

    Bullion surged as much as 1.4% to $2,798.59 an ounce, surpassing its previous all-time high set in October. A weaker dollar makes bullion more appealing for investors holding other currencies as it’s priced in the US currency.

    “When you get rising inflation and you get declining growth, you get stagflation, then gold is one of the best-performing commodities in that environment.”

    Source – Bloomberg

  • / /

    Gold and Silver forecast

    ByVictoria
    0 Comments

    Gold (XAU/USD) rose sharply during the Asian session on Thursday, reaching $3,126.67, as global markets reacted to renewed trade tensions. 

    Silver (XAG/USD) is trading at $33.28, having touched a session low of $33.07. Despite gold’s upward momentum, silver’s response has been more restrained, weighed down by its industrial use case.

    Source – FX EMPIRE