Latest news with #SukiCooper
Yahoo
22-05-2025
- Business
- Yahoo
Gold Rally Could Be Past Its Peak by Year End: StanChart
Standard Chartered Precious Metal Analyst Suki Cooper discusses the factors that led to the gold rally and its relationship to the inflow of ETFs. "If we start to see tax stimulus measures in the US and we start to see some of the uncertainty around geopolitical risks starting to unwind, we could actually see gold starting to stabilize the elevated levels," Cooper tells Bloomberg Television. Sign in to access your portfolio
Bloomberg
22-05-2025
- Business
- Bloomberg
Gold Rally Could Be Past Its Peak by Year End: StanChart
Standard Chartered Precious Metal Analyst Suki Cooper discusses the factors that led to the gold rally and its relationship to the inflow of ETFs. "If we start to see tax stimulus measures in the US and we start to see some of the uncertainty around geopolitical risks starting to unwind, we could actually see gold starting to stabilize the elevated levels," Cooper tells Bloomberg Television. (Source: Bloomberg)
Time of India
16-05-2025
- Business
- Time of India
Gold set for worst week in six months as trade calm dents safe-haven appeal
FUNDAMENTALS Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Gold prices eased on Friday and were on track for their steepest weekly decline in six months, as a stronger dollar and waning trade war concerns dampened its appeal as a safe-haven asset * Spot gold was down 0.1% at $3,235.59 an ounce, as of 0027 GMT. Bullion lost more than 2% so far this week, and on track for its their worst weekly performance since last November.* U.S. gold futures rose 0.4% to $3,239.20.* The dollar was up 0.4% so far for the week, heading toward its fourth consecutive weekly gain. A stronger dollar makes greenback-priced gold more expensive for overseas buyers.* Earlier this week, the U.S. and China agreed to temporarily slash harsh reciprocal tariffs, de-escalating a trade war which sparked fears of global recession.* Meanwhile, data showed U.S. producer prices unexpectedly fell in April, while retail sales growth slowed. Earlier this week, a report showed consumer prices rose less than expected in April.* Federal Reserve Governor Michael Barr said on Thursday the U.S. economy is on solid footing with inflation heading to the central bank's 2% target, but trade policies have clouded the outlook.* Markets are pricing in 57 basis points of rate cuts this year, with the easing projected to start in September.* Gold, traditionally seen as a hedge against economic and political uncertainties, thrives in a low-rate environment.* "While imminent concerns have eased, risks remain in terms of tariff implementation and the fact that even reduced tariffs pose inflation risks and could weigh on demand," Suki Cooper, an analyst at Standard Chartered said in a note.* Spot silver eased 0.2% to $32.61 an ounce, platinum rose 0.3% to $992.55 and palladium lost 0.7% to $961.50.
Business Times
16-05-2025
- Business
- Business Times
Gold set for worst week in six months as trade calm dents safe-haven appeal
[BENGALURU] Gold prices eased on Friday (May 16) and were on track for their steepest weekly decline in six months, as a stronger US dollar and waning trade war concerns dampened its appeal as a safe-haven asset. Spot gold was down 0.1 per cent at US$3,235.59 an ounce, as at 0027 GMT. Bullion lost more than 2 per cent so far this week, and on track for its their worst weekly performance since last November. US gold futures rose 0.4 per cent to US$3,239.20. The US dollar was up 0.4 per cent so far for the week, heading towards its fourth consecutive weekly gain. A stronger US dollar makes greenback-priced gold more expensive for overseas buyers. Earlier this week, the US and China agreed to temporarily slash harsh reciprocal tariffs, de-escalating a trade war which sparked fears of global recession. Meanwhile, data showed US producer prices unexpectedly fell in April, while retail sales growth slowed. Earlier this week, a report showed consumer prices rose less than expected in April. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Federal Reserve governor Michael Barr said on Thursday the US economy is on solid footing with inflation heading to the central bank's 2 per cent target, but trade policies have clouded the outlook. Markets are pricing in 57 basis points of rate cuts this year, with the easing projected to start in September. Gold, traditionally seen as a hedge against economic and political uncertainties, thrives in a low-rate environment. 'While imminent concerns have eased, risks remain in terms of tariff implementation and the fact that even reduced tariffs pose inflation risks and could weigh on demand,' Suki Cooper, an analyst at Standard Chartered said in a note. Spot silver eased 0.2 per cent to US$32.61 an ounce, platinum rose 0.3 per cent to US$992.55 and palladium lost 0.7 per cent to US$961.50. REUTERS
New Straits Times
16-05-2025
- Business
- New Straits Times
Gold set for worst week in six months as trade calm dents safe-haven appeal
KUALA LUMPUR: Gold prices eased on Friday and were on track for their steepest weekly decline in six months, as a stronger dollar and waning trade war concerns dampened its appeal as a safe-haven asset. FUNDAMENTALS Spot gold was down 0.1 per cent at US$3,235.59 an ounce, as of 0027 GMT. Bullion lost more than 2 per cent so far this week, and on track for its their worst weekly performance since last November. US gold futures rose 0.4 per cent to US$3,239.20. The dollar was up 0.4 per cent so far for the week, heading toward its fourth consecutive weekly gain. A stronger dollar makes greenback-priced gold more expensive for overseas buyers. Earlier this week, the US and China agreed to temporarily slash harsh reciprocal tariffs, de-escalating a trade war which sparked fears of global recession. Meanwhile, data showed US producer prices unexpectedly fell in April, while retail sales growth slowed. Earlier this week, a report showed consumer prices rose less than expected in April. Federal Reserve Governor Michael Barr said on Thursday the US economy is on solid footing with inflation heading to the central bank's 2 per cent target, but trade policies have clouded the outlook. Markets are pricing in 57 basis points of rate cuts this year, with the easing projected to start in September. Gold, traditionally seen as a hedge against economic and political uncertainties, thrives in a low-rate environment. "While imminent concerns have eased, risks remain in terms of tariff implementation and the fact that even reduced tariffs pose inflation risks and could weigh on demand," Suki Cooper, an analyst at Standard Chartered said in a note. Spot silver eased 0.2 per cent to US$32.61 an ounce, platinum rose 0.3 per cent to US$992.55 and palladium lost 0.7 per cent to US$961.50.
