Latest news with #U.S.ProducerPriceIndex
Time of India
15-05-2025
- Business
- Time of India
Gold price prediction: Gold rebounds after hitting one-month low — can it surge to $4,500 by year-end? Here's what Goldman Sachs projects
Gold prices have bounced back after hitting a one-month low, with the spot gold price now around $3,254 per ounce. A weaker U.S. dollar and technical buying helped stabilize the market as investors closely watch upcoming U.S. inflation data and Jerome Powell's speech for signs on future interest rate moves. Analysts highlight the $3,155 support level as critical. With price forecasts ranging from $3,110 to $4,500 depending on market shifts, gold remains a key hedge against uncertainty. This detailed update explores short-term risks, long-term forecasts, and what investors should keep an eye on right now. Gold prices rebound to $3,254 after hitting a one-month low, driven by a weaker U.S. dollar and investor caution. Markets await Powell's speech and PPI data as key signals for gold's next move amid inflation and rate expectations in 2025. Tired of too many ads? Remove Ads Why are gold prices rebounding after hitting a one-month low? What's the spot gold price now and where's it headed? Tired of too many ads? Remove Ads Could inflation and Powell's speech drive short-term gold volatility? What are the long-term gold price forecasts for 2025? Is gold still a safe bet for investors in 2025? What should gold investors watch now? Tired of too many ads? Remove Ads Watch the $3,155 support level closely. Follow the PPI inflation data and Fed speeches. Pay attention to long-term forecasts, but expect some short-term swings. Consider geopolitical and economic risks, which can push gold up fast. FAQs: Gold prices today have bounced back after slipping to a one-month low earlier on May 15, 2025. The rebound came as the U.S. dollar weakened, giving room for technical buying to kick in. According to Reuters, gold is now trading around $3,254 per ounce, showing signs of recovery as investors shift focus toward key economic updates—especially the upcoming U.S. Producer Price Index (PPI) data and a speech by Federal Reserve Chair Jerome Powell. These two events are expected to provide crucial signals on where interest rates might head in the day, gold had dipped to its lowest point in a month. But by afternoon trading, prices stabilized. A big reason? The U.S. dollar lost strength, making gold—priced in dollars—more attractive to foreign buyers. This also triggered a wave of technical buying, a type of trading based on price patterns and to analysts at EBC Financial Group, the key level to watch is $3,155 per ounce. If gold falls below that, more declines could follow. For now, the support has held, and the market seems to be holding its breath ahead of Powell's comments and inflation of now, the spot gold price is $3,254 per ounce. That's a healthy jump from the day's earlier low. But markets are not relaxed. Traders are closely watching for the PPI data—set to be released soon—as it may reveal if inflation is cooling. If inflation slows, it could strengthen the case for the Federal Reserve to cut interest the numbers surprise on the higher side, that might push the Fed to hold rates higher for longer, which typically weighs on gold. In simple terms, lower interest rates support gold, while higher rates hurt it because gold doesn't pay Both Powell's remarks and the PPI report are big market movers. A softer PPI reading—meaning slower inflation—could raise hopes that the Fed might lower interest rates soon. That would typically boost gold if inflation looks sticky or too strong, the opposite may happen. Reuters noted that markets remain cautious. Traders are trying to read between the lines of every data point and Fed comment, which could mean bumpy trading ahead for gold in the short further ahead, forecasts vary but stay largely gold could hit $3,700 per ounce by year-end, with potential spikes up to $4,500 if global risks rise—like a recession or renewed trade the other hand, a Reuters poll suggests a more moderate average of $3,065 per ounce for 2025, with analysts noting uncertainty around the U.S. dollar and global trade conditions as key CoinCodex expects a short-term dip to around $3,110 by mid-June 2025, but sees a recovery later in the year, possibly reaching $3,925—depending on how the economy and central banks respond to remains a go-to asset for those looking to hedge against inflation or economic uncertainty. While prices might swing in the short term, many experts still view gold as a reliable long-term store of to EBC Financial Group, keeping an eye on global inflation, central bank moves, and interest rates is key. Investors are also advised to diversify their portfolios and not rely solely on gold or any single asset. The gold market in 2025 is not without risks—but it still holds opportunity for those who stay you're investing in gold, or thinking about it, keep these in mind:In uncertain times, gold continues to play its part. But smart investing means staying alert, being flexible, and not putting all your hopes in one is trading at $3,254, with strong support seen near $3, data guides interest rate moves, which directly impact gold prices.
Economic Times
15-05-2025
- Business
- Economic Times
Gold price prediction: Gold rebounds after hitting one-month low — can it surge to $4,500 by year-end? Here's what Goldman Sachs projects
Gold prices have bounced back after hitting a one-month low, with the spot gold price now around $3,254 per ounce. A weaker U.S. dollar and technical buying helped stabilize the market as investors closely watch upcoming U.S. inflation data and Jerome Powell's speech for signs on future interest rate moves. Analysts highlight the $3,155 support level as critical. With price forecasts ranging from $3,110 to $4,500 depending on market shifts, gold remains a key hedge against uncertainty. This detailed update explores short-term risks, long-term forecasts, and what investors should keep an eye on right now. Gold prices rebound to $3,254 after hitting a one-month low, driven by a weaker U.S. dollar and investor caution. Markets await Powell's speech and PPI data as key signals for gold's next move amid inflation and rate expectations in 2025. Tired of too many ads? Remove Ads Why are gold prices rebounding after hitting a one-month low? What's the spot gold price now and where's it headed? Tired of too many ads? Remove Ads Could inflation and Powell's speech drive short-term gold volatility? What are the long-term gold price forecasts for 2025? Is gold still a safe bet for investors in 2025? What should gold investors watch now? Tired of too many ads? Remove Ads Watch the $3,155 support level closely. Follow the PPI inflation data and Fed speeches. Pay attention to long-term forecasts, but expect some short-term swings. Consider geopolitical and economic risks, which can push gold up fast. FAQs: Gold prices today have bounced back after slipping to a one-month low earlier on May 15, 2025. The rebound came as the U.S. dollar weakened, giving room for technical buying to kick in. According to Reuters, gold is now trading around $3,254 per ounce, showing signs of recovery as investors shift focus toward key economic updates—especially the upcoming U.S. Producer Price Index (PPI) data and a speech by Federal Reserve Chair Jerome Powell. These two events are expected to provide crucial signals on where interest rates might head in the day, gold had dipped to its lowest point in a month. But by afternoon trading, prices stabilized. A big reason? The U.S. dollar lost strength, making gold—priced in dollars—more attractive to foreign buyers. This also triggered a wave of technical buying, a type of trading based on price patterns and to analysts at EBC Financial Group, the key level to watch is $3,155 per ounce. If gold falls below that, more declines could follow. For now, the support has held, and the market seems to be holding its breath ahead of Powell's comments and inflation of now, the spot gold price is $3,254 per ounce. That's a healthy jump from the day's earlier low. But markets are not relaxed. Traders are closely watching for the PPI data—set to be released soon—as it may reveal if inflation is cooling. If inflation slows, it could strengthen the case for the Federal Reserve to cut interest the numbers surprise on the higher side, that might push the Fed to hold rates higher for longer, which typically weighs on gold. In simple terms, lower interest rates support gold, while higher rates hurt it because gold doesn't pay Both Powell's remarks and the PPI report are big market movers. A softer PPI reading—meaning slower inflation—could raise hopes that the Fed might lower interest rates soon. That would typically boost gold if inflation looks sticky or too strong, the opposite may happen. Reuters noted that markets remain cautious. Traders are trying to read between the lines of every data point and Fed comment, which could mean bumpy trading ahead for gold in the short further ahead, forecasts vary but stay largely gold could hit $3,700 per ounce by year-end, with potential spikes up to $4,500 if global risks rise—like a recession or renewed trade the other hand, a Reuters poll suggests a more moderate average of $3,065 per ounce for 2025, with analysts noting uncertainty around the U.S. dollar and global trade conditions as key CoinCodex expects a short-term dip to around $3,110 by mid-June 2025, but sees a recovery later in the year, possibly reaching $3,925—depending on how the economy and central banks respond to remains a go-to asset for those looking to hedge against inflation or economic uncertainty. While prices might swing in the short term, many experts still view gold as a reliable long-term store of to EBC Financial Group, keeping an eye on global inflation, central bank moves, and interest rates is key. Investors are also advised to diversify their portfolios and not rely solely on gold or any single asset. The gold market in 2025 is not without risks—but it still holds opportunity for those who stay you're investing in gold, or thinking about it, keep these in mind:In uncertain times, gold continues to play its part. But smart investing means staying alert, being flexible, and not putting all your hopes in one is trading at $3,254, with strong support seen near $3, data guides interest rate moves, which directly impact gold prices.
See - Sada Elbalad
13-05-2025
- Business
- See - Sada Elbalad
Gold Prices Rise As Markets Await US Inflation Data
Waleed Farouk Gold prices rose in local markets during trading on Tuesday, with the ounce rising on the global stock exchange, amid markets awaiting US inflation data to determine US monetary policy trends and gold price movements in the coming period. Gold prices rose in local markets by about EGP 20 compared to yesterday's close, with the price of 21-karat gold reaching EGP 4,625 per gram, while the price of an ounce rose by $7, reaching $3,245. The price of 24-karat gold reached EGP 5,286 per gram, the price of 18-karat gold reached EGP 3,964 per gram, and the price of 14-karat gold reached EGP 3,084 per gram, while the price of the gold pound reached EGP 37,000 per gram. Gold prices in local markets fell by EGP 110 during trading on Monday. A gram of 21-karat gold opened at EGP 4,715, touched EGP 4,555, and closed at EGP 4,605. Meanwhile, an ounce fell by $87, opening at $3,325, touching $3,215, and closing at $3,238. Gold prices rebounded, following a sharp decline on Monday following the announcement of a trade agreement between the United States and China. The sharp drop in gold prices on Monday followed the announcement of a temporary truce between the United States and China regarding tariffs. The United States agreed to reduce import tariffs from 145% to 30%, while China reduced tariffs from 125% to 10%. Markets are concerned about the lack of details in the trade agreement, which could push prices to any of the record highs reached last month. Therefore, the current decline could be a buying opportunity. The agreement eased trade tensions and fueled a rally in global stock markets, while the dollar rose to a one-month high—two factors that weaken gold's appeal. Chicago Federal Reserve Bank President Austin Goolsbee warned that current tariff levels will continue to stimulate inflation, according to the New York Times. Meanwhile, Deutsche Bank issued a report stating that easing trade restrictions on China will not lead to a rapid interest rate cut by the Federal Reserve. Meanwhile, markets are awaiting the US Consumer Price Index report for April later today, which could shape the Fed's policy outlook. A lower-than-expected CPI reading could ease pressure on the Federal Reserve and weaken the dollar, providing short-term support for gold. However, any upside is likely to reinforce expectations for monetary tightening, boosting yields and negatively impacting gold. Citibank lowered its three-month gold price target from $3,500 to $3,150, citing reduced geopolitical risks and the potential for short-term stability between $3,000 and $3,300. The bank expects continued demand for exchange-traded funds (ETFs) driven by higher savings, but also noted downward pressure from weak jewelry demand and increased supply. In related news, markets are awaiting U.S. Producer Price Index (PPI) and retail sales data this week; weekly U.S. jobless claims; the Empire State Manufacturing Survey; the Philadelphia Manufacturing Survey; Federal Reserve Chairman Jerome Powell's remarks in Washington, D.C., on Thursday; and the University of Michigan's preliminary consumer confidence survey on Friday. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Reuters
13-03-2025
- Business
- Reuters
Most Gulf markets end higher on US inflation data
March 13 (Reuters) - Most stock markets in the Gulf ended higher on Thursday, helped by a cooler-than-expected U.S. inflation print, although uncertainty remained over tariffs, which continue to threaten economic stability. U.S. consumer prices increased less than expected in February, but the improvement is likely temporary against a backdrop of aggressive tariffs on imports that are expected to raise the costs of most goods in the months ahead. Monetary policy in the six-member Gulf Cooperation Council is usually guided by the Federal Reserve's decisions, as most regional currencies are pegged to the dollar. Investors now await U.S. Producer Price Index data due at 1230 GMT to gain further insights into the Fed's monetary policy. Saudi Arabia's benchmark index (.TASI), opens new tab added 0.2%, supported by a 0.6% increase in Al Rajhi Bank ( opens new tab. Elsewhere, Rasan Information Technology Company ( opens new tab soared 9.9%, on completion of an accelerated book-building process to sell about 17.16% stake at 69 riyals. However, oil giant Saudi Aramco ( opens new tab slipped 1%. Meanwhile, global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said in a monthly oil market report on Thursday, after a downward revision to its 2025 demand growth forecast. Dubai's main share index (.DFMGI), opens new tab finished 0.5% higher, with blue-chip developer Emaar Properties ( opens new tab rising 1.1%. In Abu Dhabi, the index (.FTFADGI), opens new tab added 0.2%, helped by a 0.9% increase in ADNOC Gas ( opens new tab. The energy firm appointed Al Ramz Capital as liquidity provider. The Qatari benchmark (.QSI), opens new tab eased 0.1%, hit by a 0.3% fall in the Gulf's biggest lender Qatar National Bank ( opens new tab, while United Development Company ( opens new tab retreated 4.7%, its biggest intraday fall since late-June 2023, as the stock traded ex-dividend. Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab rose 0.8%. Egypt to cut fuel subsidies to cost recovery level by December, as it works to reduce a wide current account deficit, the International Monetary Fund said on Wednesday.
Zawya
13-03-2025
- Business
- Zawya
Mideast Stocks: Most Gulf markets end higher on US inflation data
Most stock markets in the Gulf ended higher on Thursday, helped by a cooler-than-expected U.S. inflation print, although uncertainty remained over tariffs, which continue to threaten economic stability. U.S. consumer prices increased less than expected in February, but the improvement is likely temporary against a backdrop of aggressive tariffs on imports that are expected to raise the costs of most goods in the months ahead. Monetary policy in the six-member Gulf Cooperation Council is usually guided by the Federal Reserve's decisions, as most regional currencies are pegged to the dollar. Investors now await U.S. Producer Price Index data due at 1230 GMT to gain further insights into the Fed's monetary policy. Saudi Arabia's benchmark index added 0.2%, supported by a 0.6% increase in Al Rajhi Bank. Elsewhere, Rasan Information Technology Company soared 9.9%, on completion of an accelerated book-building process to sell about 17.16% stake at 69 riyals. However, oil giant Saudi Aramco slipped 1%. Meanwhile, global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said in a monthly oil market report on Thursday, after a downward revision to its 2025 demand growth forecast. Dubai's main share index finished 0.5% higher, with blue-chip developer Emaar Properties rising 1.1%. In Abu Dhabi, the index added 0.2%, helped by a 0.9% increase in ADNOC Gas. The energy firm appointed Al Ramz Capital as liquidity provider. The Qatari benchmark eased 0.1%, hit by a 0.3% fall in the Gulf's biggest lender Qatar National Bank, while United Development Company retreated 4.7%, its biggest intraday fall since late-June 2023, as the stock traded ex-dividend. Outside the Gulf, Egypt's blue-chip index rose 0.8%. Egypt to cut fuel subsidies to cost recovery level by December, as it works to reduce a wide current account deficit, the International Monetary Fund said on Wednesday. SAUDI ARABIA rose 0.2% to 11,726 Abu Dhabi up 0.2% to 9,430 Dubai rose 0.5% to 5,185 QATAR eased 0.1% to 10,423 EGYPT up 0.8% to 31,291 BAHRAIN added 0.3% to 1,972 OMAN gained 0.5% to 4,387 KUWAIT dropped 0.7% to 8,476 (Reporting by Ateeq Shariff in Bengaluru; Editing by Shreya Biswas)
