(Reuters) - Gold regained its footing on Monday after three straight sessions of losses as the dollar eased and investors remained wary of the U.S. debt ceiling standoff that could fuel worries of a global economic slowdown.
Spot gold was up 0.1% to $2,013.99 per ounce by 1132 GMT, having hit its lowest since May 5 on Friday. U.S. gold futures were mostly unchanged at $2,018.80...[LINK]
Good morning. The precious metals are mostly higher in early U.S. trading.
U.S. calendar features Empire State Index, TIC Data.
FedSpeak dues from Bostic, Goolsbee, & Kashkari.
Gold and silver extended their downside moves overnight.
Fed Governor Michelle Bowman stated that the F#ed will probably need to raise interest rates further if inflation stays high, adding that key data so far this month has not convinced her that price pressures are receding.
This further diminished any optimism remaining from the lower-than-expected PPI data yesterday.
The next meeting between President Biden and Congressional leaders regarding the debt ceiling has been postponed until next week, and this news could provide some safe-haven support to gold...[MORE]
Please subscribe to receive the full report via email by clicking here.
May 12 (Reuters) - Gold fell for a third session on Friday, weighed down by higher yields and a steady dollar, but stayed above the key $2,000 level on expectations of rate cuts towards the end the year.
Spot gold was down 0.6% to $2,004.15 per ounce, as of 1149 GMT, shedding 0.6% so far in the week. U.S. gold futures also fell 0.6%, to $2,006.60...[LINK]
Good morning. The precious metals are mostly lower in early U.S. trading.
U.S. calendar features Import/Export Prices, Michigan Sentiment Prelim, FedSpeak from Bullard & Jefferson.
May 11 (Reuters) - Gold prices extended losses to a second session on Thursday as the dollar advanced, while markets assessed U.S. inflation data to gauge the Federal Reserve’s next policy move.
Spot gold fell 0.1% to $2,026.99 per ounce by 1033 GMT, while U.S. gold futures ticked down 0.2% to $2,033.30...[LINK]
Good morning. The #preciousmetals are mixed in early U.S. trading.
U.S. calendar features PPI (+0.03% exp), Initial Jobless Claims, FedSpeak from Waller.
Good morning. The precious metals are mixed in early U.S. trading.
U.S.calendar features CPI (+0.4% exp), EIA Data, Treasury Budget.
May 9 (Reuters) - Gold prices edged higher on Tuesday as some investors sought cover from economic uncertainty including the debt ceiling deadlock in Washington, while also positioning for a U.S. inflation print for cues on the trajectory of interest rates.
Spot gold was up 0.4% to $2,028.75 per ounce by 9:55 a.m. EDT (1355 GMT) while U.S. gold futures gained 0.2% to $2,036.40...[LINK]