• Sun, Feb 8, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

15 January 2025 18:36  |

Gold recovers ahead of US CPI inflation data

Gold’s price (XAU/USD) recovers initial weekly losses and edges higher for the second day in a row, trading in the $2,680s on Wednesday, after a softer-than-expected United States (US) Producer Price Index (PPI) release the previous day triggered substantial easing in US yields. Market expectations are now higher for a softer US Consumer Price Index (CPI) release this Wednesday as well. A softer reading would be beneficial for Gold to head higher.

On the economic data front, the US CPI release for December will draw all attention on Wednesday. After the surprise softer PPI print on Tuesday, market expectations are that both the monthly headline and core CPI gauges would soften from their previous readings. Later in the day, be on the lookout for comments from three Federal Reserve officials.

Source: FXstreet

Related News

GOLD

Gold Futures Down in Cautious Trade as U.S. Dollar Strength...

Gold futures fell after hitting their highest level in more than a week. Futures were down 0.2% at $2,625 an ounce. Trading i...

20 November 2024 16:28
GOLD

Gold Futures Rise, Kicking Off 2025 on a Positive Note

Gold futures rose, kicking off the new year on a positive note. Gold futures were up 0.3% at $2,647.90 a troy ounce. The mark...

2 January 2025 16:15
GOLD

Gold Prices Down amid Stronger USD; Focus Remains on FOMC D...

Gold (XAU/USD) prices attracted some sellers heading into the European session on Tuesday (17/12) and retraced closer to the ...

17 December 2024 14:39
GOLD

Gold Prices Drop on Middle East Ceasefire

Gold prices (XAU/USD) fell during the North American session on Monday (11/25) as news of a ceasefire between Lebanon and Isr...

26 November 2024 06:51
BIAS23.com NM23 Ai