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Economic Times
3 days ago
- Business
- Economic Times
Why is gold slipping sharply as the dollar surges ahead of the all-important US inflation report — what critical risks and opportunities should investors brace for in 2025?
TIL Creatives Gold prices fall as US dollar strengthens ahead of key US inflation data. Investors watch the PCE index closely for Fed signals. Silver and platinum also dip amid trade tensions. Stay updated on gold market trends and inflation impact today. Gold falls, US dollar strengthens ahead of key US inflation data- Gold prices dropped on Friday as the US dollar climbed, with investors staying cautious ahead of important inflation numbers set to come out later today. The upcoming data is closely watched because it will help signal the Federal Reserve's next moves on interest rates and monetary policy. As of 11:45 GMT, spot gold was down 0.7% at $3,292.28 an ounce, marking a weekly decline of nearly 2%. US gold futures also slipped 0.8%, landing at $3,290.30. Meanwhile, the US dollar index (.DXY) rose by 0.3%, heading for a weekly gain. A stronger dollar often makes gold more expensive for buyers using other currencies, which can weigh on prices. Gold and the US dollar often move in opposite directions. When the dollar gains ground, gold tends to lose some shine. Carsten Menke, an analyst at Julius Baer, explained, 'The US dollar is up slightly, which could be a source of pressure for gold.' This rise in the dollar makes gold pricier for international buyers, reducing demand. Investors are waiting on the Personal Consumption Expenditures (PCE) index, the Federal Reserve's preferred measure of inflation, due at 12:30 GMT. Economists surveyed by Reuters predict the April data will show inflation rising 2.2%, slightly lower than March's 2.3%. According to Menke, 'Barring a major surprise to the PCE data, I would not expect gold to show a meaningful reaction.' However, the market has been jittery lately, so short-term price swings are possible. Tim Waterer, chief market analyst at KCM Trade, noted, 'With US core PCE looming large, there is some hesitance to take new long positions in gold.' Investors are holding back on buying more gold until the inflation figures come out. There's also growing anticipation of interest rate cuts from the Fed later this year, possibly starting in October, with expectations around 50 basis points of cuts. Gold is traditionally seen as a hedge against economic and geopolitical risks, especially when interest rates are low. However, in the current climate, rising US dollar strength and looming inflation data create uncertainty. This mixed environment means gold's role as a safe haven is being prices also slipped 0.6% to $33.14 an ounce, while platinum eased 1.2% to $1,068.80. Palladium followed with a 0.6% drop, trading near $967.70. These metals often react similarly to gold, influenced by broader market shifts and economic related news, a federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday. This came a day after a US trade court had blocked those tariffs, saying Trump had overstepped his authority. Trade tensions like these can add another layer of uncertainty for investors considering precious metals. Why is gold falling as the US dollar strengthens?Gold usually falls when the US dollar rises because it becomes more expensive for buyers using other currencies. How will the US inflation data affect gold prices? If inflation data surprises, gold prices might move sharply, but a typical reading usually means little change.
Time of India
3 days ago
- Business
- Time of India
Why is gold slipping sharply as the dollar surges ahead of the all-important US inflation report — what critical risks and opportunities should investors brace for in 2025?
Gold falls as the US dollar strengthens ahead of key US inflation data. Investors are cautious, watching the Personal Consumption Expenditures (PCE) index due today, which could shape the Federal Reserve's next move on interest rates. Gold prices slipped nearly 2% this week, pressured by a stronger dollar that makes gold costlier for buyers. With inflation expected to cool slightly and rate cuts anticipated later this year, market nerves remain high. Other precious metals like silver and platinum also dropped. Trade tensions from recent tariff rulings add to uncertainty, making this a crucial moment for gold investors. Gold prices fall as US dollar strengthens ahead of key US inflation data. Investors watch the PCE index closely for Fed signals. Silver and platinum also dip amid trade tensions. Stay updated on gold market trends and inflation impact today. Tired of too many ads? Remove Ads Gold price today: Where does the yellow metal stand? Why is gold falling as the US dollar strengthens? What is the market expecting from the US inflation data? How are investors positioning themselves before the inflation report? Tired of too many ads? Remove Ads Does gold remain a safe haven in today's market? What other metals are moving alongside gold? Could recent US trade rulings affect precious metals? FAQs: Gold prices dropped on Friday as the US dollar climbed, with investors staying cautious ahead of important inflation numbers set to come out later today. The upcoming data is closely watched because it will help signal the Federal Reserve's next moves on interest rates and monetary of 11:45 GMT, spot gold was down 0.7% at, marking a weekly decline of nearly 2%. US gold futures also slipped 0.8%, landing at. Meanwhile, therose by 0.3%, heading for a weekly gain. A stronger dollar often makes gold more expensive for buyers using other currencies, which can weigh on and the US dollar often move in opposite directions. When the dollar gains ground, gold tends to lose some shine. Carsten Menke, an analyst at Julius Baer, explained, 'The US dollar is up slightly, which could be a source of pressure for gold.' This rise in the dollar makes gold pricier for international buyers, reducing are waiting on the Personal Consumption Expenditures (PCE) index, the Federal Reserve's preferred measure of inflation, due at 12:30 GMT. Economists surveyed by Reuters predict the April data will show inflation rising 2.2%, slightly lower than March's 2.3%. According to Menke, 'Barring a major surprise to the PCE data, I would not expect gold to show a meaningful reaction.' However, the market has been jittery lately, so short-term price swings are Waterer, chief market analyst at KCM Trade, noted, 'With US core PCE looming large, there is some hesitance to take new long positions in gold.' Investors are holding back on buying more gold until the inflation figures come out. There's also growing anticipation of interest rate cuts from the Fed later this year, possibly starting in October, with expectations around 50 basis points of is traditionally seen as a hedge against economic and geopolitical risks, especially when interest rates are low. However, in the current climate, rising US dollar strength and looming inflation data create uncertainty. This mixed environment means gold's role as a safe haven is being prices also slipped 0.6% to $33.14 an ounce, while platinum eased 1.2% to $1,068.80. Palladium followed with a 0.6% drop, trading near $967.70. These metals often react similarly to gold, influenced by broader market shifts and economic related news, a federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday. This came a day after a US trade court had blocked those tariffs, saying Trump had overstepped his authority. Trade tensions like these can add another layer of uncertainty for investors considering precious usually falls when the US dollar rises because it becomes more expensive for buyers using other inflation data surprises, gold prices might move sharply, but a typical reading usually means little change.
Al Etihad
3 days ago
- Business
- Al Etihad
Gold falls, US dollar strengthens ahead of key US inflation data
30 May 2025 17:55 (REUTERS) Gold prices fell on Friday as the US dollar ticked higher and investors remained cautious ahead of key US inflation data due later in the day to gauge the Federal Reserve's monetary policy gold was down 0.7% at $3,292.28 an ounce as of 1145 GMT. Bullion is down 1.9% so far this dollar (.DXY) rose 0.3% and was on track for a weekly gain, making gold costlier for foreign buyers."The US dollar is up slightly, which could be a source of pressure for gold," said Carsten Menke, analyst at Julius Baer."Barring a major surprise to the PCE data, I would not expect gold to show a meaningful reaction. That said, the market seems to be a bit more nervous as of late, suggesting that volatility should stay high in the short term," Menke Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation measure, is due at 1230 GMT. The data is likely to show that inflation rose 2.2% in April, according to economists polled by Reuters, compared with a 2.3% increase in March."With US core PCE looming large, there is some hesitance to take new long positions in gold," said Tim Waterer, chief market analyst at KCM are currently anticipating 50 basis points worth of Fed rate cuts by the end of this year, starting in which is considered a hedge against economic and geopolitical uncertainty, tends to thrive in a low-interest-rate a federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a US trade court ruled he had exceeded his authority and ordered an immediate block. Spot silver fell 0.6% to $33.14 an ounce, platinum eased 1.2% to $1,068.80 and palladium dropped 0.6% to $967.70.
Yahoo
24-05-2025
- Automotive
- Yahoo
Meadows Avenue Tap to host ‘Tips for Taps' event on Saturday
EAST PEORIA, Ill. (WMBD) — One local bar and grill is hosting an event for dog lovers and car enthusiasts alike. Meadows Avenue Tap in East Peoria is putting on their Tips For Taps event on Saturday, which will feature Rusty Rockers' classic cars along with motorcycles and bands performing live music. The event is held to raise money for taps, which Tori Menke, executive director, said is vital for their shelter. 'Fundraising is huge,' Menke said. 'It's the only reason our doors are still open is from all the fundraising. So it's awesome when our community kind of helps us in that regard. They're really doing the heavy lifting when it comes to the fundraising portion and at an event like this.' Loki becomes first Peoria Police K-9 to have a swearing in ceremony Adoptable dogs will be at the fundraiser looking for their forever home, as most shelters have an influx of dogs right now. 'Intake is up and adoptions are down,' Menke said. 'It could be this time of year. People are planning vacations, trying to get end of school year stuff done, so adopting a pet is the last thing on their mind.' Anybody who goes to the event will also be able to eat from the open grill which will cook up brats, butterfly porkchops and ribeye steaks. The event goes from noon until 8 p.m. with music set to play the whole time. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
11-04-2025
- Entertainment
- Yahoo
Peoria County Animal Protective Services brings pets to County Government departments
PEORIA, Ill. (WMBD) — Peoria County Animal Protective services is showcasing its newest program, 'Paws Across The County'. The idea is to bring pets up for adoption to county departments to mingle and meet the staff. Not only does it bring attention to pets in need of adoption, but it also teaches them to socialize for when they leave the shelter. At the end of their visit, they take a video and post it, highlighting the pet and the people working in the Peoria County Government. Alex Menke with PCAPS said Paws Across the County is becoming a big hit. 'We wanted to find a way to get our animals a little bit more real-world experience getting out, meaning new people, having new experiences. And then how do we kind of incorporate that around the county? So we kind of found this nice blend. The county employees get to have a little sprucing up to their day. They get a little bit of enjoyment. We get to highlight what all the different departments do around the county. And then, of course, our animals get the real world experience of being out, and we also get to market them a little bit,' said Menke. So far, they've made stops at the Peoria County Sheriff's Office, the highway department, and the county clerk's office. You can submit your county department for a chance to participate by sending an email to Menke at amenke@ Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
