Latest news with #USProducerPriceIndex
Business Standard
15-05-2025
- Business
- Business Standard
US dollar index slackens ahead of PPI data
The US dollar index slipped weak, adding to latest string of losses as a drop from one-month highs extended. The US dollar index pulled back near 100 mark yesterday before rising a bit and currently quotes at 100.61, down 0.27% on the day. Markets are eying release of the US Producer Price Index (PPI) data after recent drop in consumer price index (CPI). US CPI Data for April released earlier this week showed that annual inflation rate in the United States fell to 2.3%, testing lowest in four years. Powered by Capital Market - Live News
&w=3840&q=100)
Business Standard
15-05-2025
- Business
- Business Standard
Crypto markets rangebound as Bitcoin retreats below $104k; US PPI data eyed
Bitcoin price today, Thursday, May 15, 2025: Cryptocurrency markets remained largely rangebound on Thursday as investors awaited the release of the US Producer Price Index (PPI) data, a key indicator that could influence near-term US Federal Reserve policy, analysts said. The flagship cryptocurrency Bitcoin (BTC) recently tested the $105,700 level but has since retraced, now trading near $102,900 and encountering resistance around key technical zones. As of 10:44 AM on Thursday, May 15, Bitcoin was trading at $102,868.46, down 0.89 per cent, according to CoinMarketCap. Over the past 24 hours, BTC fluctuated within a range of $102,618.30 to $104,303.57, with a trading volume of $45.25 billion. Its market capitalisation stood at $2.04 trillion, the highest among all cryptocurrencies. The crypto market is currently in a consolidation phase, underpinned by a broader bullish sentiment, said Riya Sehgal, research analyst at Delta Exchange. Sehgal believes that while short-term indicators reflect some bearish pressure for Bitcoin, the overall market structure remains strong. 'Since the beginning of May, over $2.2 billion in capital inflows have entered the market—a sign of continued investor confidence and growing institutional participation,' said Sehgal. Vikram Subburaj, CEO of Giottus Crypto Platform, noted that Bitcoin is currently in a "middle zone." A rally beyond $106,000 could signal continued bullish momentum, while a drop below $100,000 might invalidate the current bullish structure. 'We emphasise the importance of the US PPI release later today, which could shape near-term Fed policy. A soft PPI reading will heighten expectations of an interest rate cut, boosting risk-on assets like crypto. Traders are advised against using leverage heading into the data release,' Subburaj said. Alankar Saxena, Co-founder and CTO of Mudrex, remains optimistic about Bitcoin's outlook. 'Bitcoin is trading range-bound between $102,500 and $104,000 as investors wait for a fresh catalyst. While institutional investors continue accumulating, retail interest is also rising, with Google searches for 'Bitcoin' hitting a six-month high,' Saxena noted. Altcoins reflect similar trends Altcoins mirrored Bitcoin's performance on Thursday. Ethereum (ETH), the second-largest cryptocurrency by market cap, fell below the $2,600 mark after briefly surpassing it. It was trading 3.23 per cent lower at $2,585.08, within a 24-hour range of $2,549.68 to $2,685.01. On-chain data showed that $1.2 billion worth of ETH has been withdrawn from centralized exchanges over the past week. Additionally, ETH's recent rally has pushed 60 percent of holding addresses into profit. Market analysts are eyeing a potential move toward the $3,000–$3,100 resistance zone. 'With sell-side pressure decreasing, ETH is set to experience further rallies in the near term. If bulls maintain control, the $3,000–$3,100 region may be tested as the next major resistance,' Saxena added. Among other altcoins, Cardano (ADA) was down 4.18 per cent, Solana (SOL) declined 4.08 per cent, Ripple (XRP) fell 2.18 per cent, and Binance Coin (BNB) dropped 1.7 per cent.
&w=3840&q=100)
Business Standard
15-05-2025
- Business
- Business Standard
Gold price falls ₹10 to ₹96,050; silver down ₹100, trades at ₹97,800
The price of 22-carat gold climbed ₹10, with ten grams of the yellow metal selling at ₹88,040 New Delhi Gold Price Today: The price of 24-carat gold rose ₹10 in early trade on Thursday, with ten grams of the precious metal trading at ₹96,050 according to the GoodReturns website. The price of silver fell ₹100, with one kilogram of the precious metal selling at ₹97,800. The price of 22-carat gold climbed ₹10, with ten grams of the yellow metal selling at ₹88,040. In Delhi, the price of ten grams of 24-carat gold stood at ₹96,200. In Mumbai, the price of ten grams of 22-carat gold is at par with Kolkata, Bengaluru, Chennai, and Hyderabad at ₹88,040. In Delhi, the price of ten grams of 22-carat gold stood at ₹88,190. The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹97,800. US gold prices edged higher on Thursday as investors took advantage of lower levels after the metal hit a one-month low in the previous session, while market participants now await US Producer Price Index data for clearer economic direction. Spot gold was up 0.2 per cent at $3,183.20 an ounce as of 0033 GMT. US gold futures dipped 0.1 per cent to $3,185.60. Spot silver eased 0.2 per cent to $32.16 an ounce, platinum rose 0.8 per cent to $984.05 and palladium gained 0.3 per cent to $953.75.
New Straits Times
15-05-2025
- Business
- New Straits Times
Gold inches higher as investors buy the dip ahead of US data
KUALA LUMPUR: Gold prices edged higher on Thursday as investors took advantage of lower levels after the metal hit a one-month low in the previous session, while market participants now await US Producer Price Index data for clearer economic direction. FUNDAMENTALS * Spot gold was up 0.2 per cent at US$3,183.20 an ounce as of 0033 GMT. US gold futures dipped 0.1 per cent to US$3,185.60. * In the previous session, spot gold fell to its lowest level since April 10 after Washington and Beijing agreed to reduce tariffs drastically and adopted a 90-day pause, further de-escalating a potentially damaging trade war between the world's two largest economies. * The US and China imposed tit-for-tat tariffs on each other last month, sparking a trade war that heightened fears of a global recession. * Gold, traditionally seen as a hedge against economic and political uncertainties, thrives in a low-interest-rate environment. * Federal Reserve policymakers are leaving interest rates where they are while they try to assess how US President Donald Trump's tariffs and trade negotiations will affect prices and the economy. So far, the hard data is giving them little to go on. * The spotlight is now on the US PPI data, due later in the day, as markets look for further clues on the Fed's policy path following softer-than-expected consumer data. * Markets are expecting 50 basis points of interest rate cuts this year, starting from October. * Spot silver eased 0. per cent to US$32.16 an ounce, platinum rose 0.8 per cent to US$984.05 and palladium gained 0.3 per cent to US$953.75.
Business Times
15-05-2025
- Business
- Business Times
Gold inches higher as investors buy the dip ahead of US data
[BENGALURU]] Gold prices edged higher on Thursday (May 15) as investors took advantage of lower levels after the metal hit a one-month low in the previous session, while market participants now await US Producer Price Index data for clearer economic direction. Spot gold was up 0.2 per cent at US$3,183.20 an ounce as at 0033 GMT. US gold futures dipped 0.1 per cent to US$3,185.60. In the previous session, spot gold fell to its lowest level since Apr 10 after Washington and Beijing agreed to reduce tariffs drastically and adopted a 90-day pause, further de-escalating a potentially damaging trade war between the world's two largest economies. The US and China imposed tit-for-tat tariffs on each other last month, sparking a trade war that heightened fears of a global recession. Gold, traditionally seen as a hedge against economic and political uncertainties, thrives in a low-interest-rate environment. Federal Reserve policymakers are leaving interest rates where they are while they try to assess how US President Donald Trump's tariffs and trade negotiations will affect prices and the economy. So far, the hard data is giving them little to go on. The spotlight is now on the US PPI data, due later in the day, as markets look for further clues on the Fed's policy path following softer-than-expected consumer data. Markets are expecting 50 basis points of interest rate cuts this year, starting from October. Spot silver eased 0.2 per cent to US$32.16 an ounce, platinum rose 0.8 per cent to US$984.05 and palladium gained 0.3 per cent to US$953.75. REUTERS
