• Sat, Feb 7, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

13 November 2024 13:13  |

Gold Prices Steady Above $2.60 Amid Some Repositioning Ahead of US CPI

Gold prices (XAU/USD) attracted some buyers during the Asian session on Wednesday (13/11) and for now, seems to have snapped three consecutive days of declines to the lowest level since September 20, around the $2,590-$2,589 region touched the previous day. The uptick lacked any obvious fundamental catalyst and could be attributed to some repositioning activity ahead of the US consumer inflation figures. The key data could influence expectations about the Federal Reserve’s (Fed) interest rate cut path and provide a fresh directional impetus to the non-yielding yellow metal.

Ahead of the key data risk, the US Dollar (USD) entered a bullish consolidation phase following its recent uptick to its highest level since early May. This, along with concerns that US President-elect Donald Trump’s protectionist tariffs will impact the global economy and a generally softer tone around equity markets, offered some support to the safe-haven Gold prices. However, XAU/USD's upside appears limited amid expectations that Trump's expansionary policies could boost inflation and limit the Fed from easing its monetary policy aggressively.

Source: FXStreet

Related News

GOLD

Dollar rally pushes gold to near two-month low as traders aw...

Gold prices fell to nearly a two-month low on Tuesday in the face of a stronger dollar, optimism about economic growth under ...

13 November 2024 03:39
GOLD

Emas Bertahan Di Level $2730an di Sesi Tengah Hari AS

Harga emas stabil pada Senin (4/11), di tengah kehati-hatian investor menjelang pemilu Amerika Serikat (AS) dan keputusan suk...

4 November 2024 23:12
GOLD

Fed Rate Cut Bets Drive Gold to All-Time High

Gold prices extended gains to hit a record high on Friday on expectations of interest rate cuts by the Federal Reserve, while...

13 September 2024 21:27
GOLD

Global uncertainties propel gold to record high, silver soar...

Normal 0 false false false EN-US X-NONE X-NONE ...

21 October 2024 18:55
BIAS23.com NM23 Ai