Gold edges higher as dollar eases

Economies.com
2021-09-13 17:51PM UTC

Gold prices rose on Monday, as the US dollar held against most currencies, ahead of of the release of key economic data.

 

The market will turn to the release of the US consumer price index data on Tuesday, which shows inflation trends in the country.

 

Analysts see that the recent spike in inflation will lead the Federal Reserve to taper its monetary policy.

 

Fed Chairman Jerome Powell stated recently that the central bank might start reducing the size of its bond-buying program before the end of this year.

 

The dollar index fell against a basket of major currencies by less than 0.1% to 92.6 points as of 17:38 GMT, after hitting a high of 92.8 points and a low of 92.5 points.

 

As of 17:39 GMT, gold spot prices rose 0.1% to $1,793.9 an ounce, with a high at $1,800.2 and a low at $1,784.4.

Commodities News

Gold News

Commodities

Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Gold News

Commodities

Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Gold News

Commodities

Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

Natural gas price forms strong positive rally – Forecast today – 23-4-2024
2024-04-23 05:11AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price faced strong positive ...
Platinum Analysis

Commodities

Platinum price resumes the correctional decline – Forecast today – 23-4-2024
2024-04-23 04:56AM UTC
Platinum Price Analysis Expected Scenario Platinum price faced new negative pressures ...
Copper Analysis

Commodities

Copper price loses the positive momentum – Forecast today – 23-4-2024
2024-04-23 04:51AM UTC
Copper Price Analysis Expected Scenario The Copper price ended the recent bullish rally ...