Gold gains amid mixed US inflation, labor data
Bullion rose as much as 0.7% to trade at $2,647.25 an ounce, building on gains made in the previous session that came after mixed US economic data. Separate US reports on Thursday showed underlying inflation rose more than forecast in September, while applications for unemployment benefits last week increased to a more than one-year high.
Gold prices rose on Friday, ignoring hotter inflation in the US, and focusing on weaker labour market in the country.
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Gold prices recovered slightly on Thursday to snap a six-session losing streak, while traders remain focused on a key U.S.
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Gold prices nudged higher on Thursday, while traders await a key U.S. inflation data due later in the day to gauge the ...
Gold prices advanced after a hotter-than-expected CPI report injected some uncertainty into the idea of shrinking inflation and a soft-landing — re-energizing the appetite for safe-haven assets.
10hon MSN
The release of the US CPI data significantly impacted gold prices, leading to a continued rally on Friday last week. The MCX ...
Gold headed higher on Thursday following declines over the last four consecutive sessions, as investors weighed prospects for another Federal Reserve interest-rate cut after data showed a ...
Gold steadied to remain on track for a weekly loss, after hotter-than-expected inflation and a slowdown in the labor market ...
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