Gold Pulls Back After Record High on Fourth Straight Hotter-Than-Expected Inflation
Gold futures plunged in the middle of the trading week following the fourth consecutive hotter-than-expected US inflation data. The yellow metal has been on a…
Posts Tagged: Core CPI
US Dollar Weakens Ahead of Inflation Reading, FOMC Minutes
The US dollar weakened slightly to kick off the trading week as the financial markets brace for the latest inflation data and summary minutes from…
Canadian Dollar Weakens After Hot Inflation Reading; Bond Yields Surge
The Canadian dollar weakened on Tuesday after the annual inflation rate shot up in December. The country has been enduring a severe bout of price…
USD/CAD Retreats as Crude Oil Prices Surge, but Bullish Momentum Persists
The US dollar fell against the Canadian dollar on Friday during Asian trading, erasing some of the previous day’s impressive gain to the weekly high…
EUR/USD Surges Above 1.1050 on US Inflation Data, Retracts Gains Amid CPI Figures
After releasing the US inflation statistics, the EUR/USD currency pair soared above 1.1050 but later gave up some of its daily gains. Daily gains were…
US Dollar Mixed Ahead of Expected Jump in CPI
The US dollar was mixed in the middle of the trading week as investors brace for tomorrow’s inflation data. Traders have also been sifting through…
Gold Slumps on Stronger DXY, Treasury Yields; Investors Brace for Inflation Data
Gold futures tumbled to kick off the trading week, with a rising greenback weighing on the precious metal. Investors are preparing for this week’s inflation…
Gold Settles at Highest Price Since Mid-June Amid Slowing Inflation
Gold prices settled at their best levels since the middle of June, driven by lower-than-expected inflation. The yellow metal had been slumping since flirting with…