Latest news with #CityIndex
Reuters
11-08-2025
- Business
- Reuters
Gold slips 1% as investors focus on US-Russia talks on Ukraine
Aug 11 (Reuters) - Gold prices slipped 1% on Monday as market participants focussed on the upcoming U.S.-Russia talks over the war in Ukraine, and July inflation data that could offer more insight into the U.S. Federal Reserve's interest rate outlook. Spot gold was at $3,363.31 per ounce, as of 0703 GMT, after it hit its highest since July 23 on Friday. U.S. gold futures for December delivery dropped 2% to $3,423.10. "Cooling geopolitical tensions surrounding the war in Ukraine saw gold fall further, following Friday's announcement that U.S. President Donald Trump will meet with (Russia President) Vladimir Putin on U.S. soil," City Index senior analyst, Matt Simpson, said. Trump said on Friday he will meet Putin on August 15 in Alaska to negotiate an end to the war. Meanwhile, U.S. consumer price data is due on Tuesday, with analysts expecting the recently-imposed tariffs to nudge the core up 0.3% to an annual pace of 3%, above the Fed's 2% target. "A hot print could further strengthen the dollar and cap gains in gold, though I suspect support will remain in place overall as investors seek to scoop up discounts," Simpson said. Recent softer-than-expected U.S. jobs report boosted bets for a Fed rate cut in September. Markets imply around a 90% probability of a September easing, and at least one more cut by this year-end. Non-yielding gold thrives in a low-interest-rate environment. Also on the radar are Sino-U.S. trade discussions as Trump's August 12 deadline for a deal between Washington and Beijing looms. Meanwhile, COMEX gold speculators increased net long positions by 18,965 contracts to 161,811 in the week to August 5. On the technical front, spot gold may break support at $3,364 per ounce and fall towards the $3,314 to $3,342 range, according to Reuters technical analyst Wang Tao. Elsewhere, spot silver fell 0.9% to $37.97 per ounce, platinum slipped 1.3% to $1,314.75 and palladium eased 0.1% to $1,125.
CNBC
11-08-2025
- Business
- CNBC
Gold slips as investors focus on U.S.-Russia talks on Ukraine
Gold prices slipped on Monday as market participants focused on U.S.-Russia talks on the war in Ukraine, and July inflation data that could offer more insight into the Federal Reserve's interest rate outlook. Spot gold was down 0.6% at $3,378.49 per ounce, as of 0521 GMT, after hitting its highest since July 23 on Friday. U.S. gold futures for December delivery dropped 1.4% to $3,441.20. "Cooling geopolitical tensions surrounding the war in Ukraine saw gold fall further, following Friday's announcement that President Donald Trump will meet with Vladimir Putin on the U.S. soil," City Index senior analyst Matt Simpson said. Trump said on Friday he will meet Russian President Putin on August 15 in Alaska to negotiate an end to the war in Ukraine. Focus is also on U.S. consumer price data due on Tuesday, with analysts expecting the impact of tariffs to help nudge the core up 0.3% to an annual pace of 3.0% and away from the Fed's target of 2%. "A hot print could further strengthen the dollar and cap gains in gold, though I suspect support will remain in place overall as investors seek to scoop up discounts," Simpson said. Recent softer-than-expected U.S. jobs report boosted bets for a Fed rate cut in September. Markets imply around a 90% probability of a September easing, and at least one more cut by this year-end. 0#USDIRPR Non-yielding gold thrives in a low-interest-rate environment. Also on the radar are Sino-U.S. trade discussions as Trump's August 12 deadline for a deal between Washington and Beijing loomed. Meanwhile, COMEX gold speculators increased net long position by 18,965 contracts to 161,811 in the week to August 5. Elsewhere, spot silver fell 0.5% to $38.13 per ounce, platinum XPT= slipped 1.1% to $1,317.90 and palladium gained 0.1% to $1,127.37.
Reuters
11-08-2025
- Business
- Reuters
Gold slips as investors focus on US-Russia talks on Ukraine
Aug 11 (Reuters) - Gold prices slipped on Monday as market participants focussed on U.S.-Russia talks on the war in Ukraine, and July inflation data that could offer more insight into the Federal Reserve's interest rate outlook. Spot gold was down 0.6% at $3,378.49 per ounce, as of 0521 GMT, after hitting its highest since July 23 on Friday. U.S. gold futures for December delivery dropped 1.4% to $3,441.20. "Cooling geopolitical tensions surrounding the war in Ukraine saw gold fall further, following Friday's announcement that President Donald Trump will meet with Vladimir Putin on the U.S. soil," City Index senior analyst Matt Simpson said. Trump said on Friday he will meet Russian President Putin on August 15 in Alaska to negotiate an end to the war in Ukraine. Focus is also on U.S. consumer price data due on Tuesday, with analysts expecting the impact of tariffs to help nudge the core up 0.3% to an annual pace of 3.0% and away from the Fed's target of 2%. "A hot print could further strengthen the dollar and cap gains in gold, though I suspect support will remain in place overall as investors seek to scoop up discounts," Simpson said. Recent softer-than-expected U.S. jobs report boosted bets for a Fed rate cut in September. Markets imply around a 90% probability of a September easing, and at least one more cut by this year-end. Non-yielding gold thrives in a low-interest-rate environment. Also on the radar are Sino-U.S. trade discussions as Trump's August 12 deadline for a deal between Washington and Beijing loomed. Meanwhile, COMEX gold speculators increased net long position by 18,965 contracts to 161,811 in the week to August 5. Elsewhere, spot silver fell 0.5% to $38.13 per ounce, platinum slipped 1.1% to $1,317.90 and palladium gained 0.1% to $1,127.37.
Zawya
11-08-2025
- Business
- Zawya
Gold slips as easing geopolitical tensions weigh; US inflation data in focus
Gold slipped on Monday as signs of easing geopolitical risks weighed on its safe-haven demand, with markets now focused on upcoming U.S. inflation data that could offer insight into the Federal Reserve's interest rate outlook. Spot gold fell 0.7% to $3,376.67 per ounce, as of 0248 GMT, after hitting its highest since July 23 on Friday. U.S. gold futures for December delivery dropped 1.5% to $3,439.70. "Cooling geopolitical tensions surrounding the war in Ukraine saw gold fall further, following Friday's announcement that President Donald Trump will meet with Vladimir Putin on the U.S. soil," City Index senior analyst Matt Simpson said. Trump said on Friday he will meet Russian President Putin on August 15 in Alaska to negotiate an end to the war in Ukraine. Focus this week will be on U.S. consumer prices due on Tuesday, with analysts expecting the impact of tariffs to help nudge the core up 0.3% to an annual pace of 3.0% and away from the Fed's target of 2%. "A hot print could further strengthen the dollar and cap gains on gold, though I suspect support will remain in place overall as investors seek to scoop up discounts," Simpson said. Recent softer-than-expected U.S. jobs report boosted bets for a Fed rate cut in September. Markets imply around a 90% probability of a September easing, and at least one more cut by this year end. Non-yielding gold thrives in a low-interest rate environment. Also on the radar are trade discussions as Trump's August 12 deadline for a deal between Washington and Beijing loomed. Meanwhile, COMEX gold speculators increased net long position by 18,965 contracts to 161,811 in the week to August 5. Elsewhere, spot silver fell 0.8% to $38.02 per ounce, platinum slipped 0.9% to $1,320.45 and palladium lost 0.3% to $1,122.69.
Business Recorder
11-08-2025
- Business
- Business Recorder
Gold slips as easing geopolitical tensions weigh; US inflation data in focus
Gold slipped on Monday as signs of easing geopolitical risks weighed on its safe-haven demand, with markets now focused on upcoming U.S. inflation data that could offer insight into the Federal Reserve's interest rate outlook. Spot gold fell 0.7% to $3,376.67 per ounce, as of 0248 GMT, after hitting its highest since July 23 on Friday. U.S. gold futures for December delivery dropped 1.5% to $3,439.70. 'Cooling geopolitical tensions surrounding the war in Ukraine saw gold fall further, following Friday's announcement that President Donald Trump will meet with Vladimir Putin on the U.S. soil,' City Index senior analyst Matt Simpson said. Trump said on Friday he will meet Russian President Putin on August 15 in Alaska to negotiate an end to the war in Ukraine. Focus this week will be on U.S. consumer prices due on Tuesday, with analysts expecting the impact of tariffs to help nudge the core up 0.3% to an annual pace of 3.0% and away from the Fed's target of 2%. 'A hot print could further strengthen the dollar and cap gains on gold, though I suspect support will remain in place overall as investors seek to scoop up discounts,' Simpson said. Recent softer-than-expected U.S. jobs report boosted bets for a Fed rate cut in September. Markets imply around a 90% probability of a September easing, and at least one more cut by this year end. Non-yielding gold thrives in a low-interest rate environment. Also on the radar are trade discussions as Trump's August 12 deadline for a deal between Washington and Beijing loomed. Meanwhile, COMEX gold speculators increased net long position by 18,965 contracts to 161,811 in the week to August 5. Elsewhere, spot silver fell 0.8% to $38.02 per ounce, platinum slipped 0.9% to $1,320.45 and palladium lost 0.3% to $1,122.69.
