China, Gold
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Gold prices rose on Tuesday on bargain-hunting after a sharp loss in the previous day, while softer-than-expected inflation data from the U.S. also lent support.
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"While hypothetical, this scenario illustrates why we remain structurally bullish gold and think prices have further to run," analysts at JPMorgan said.
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.
Traders are also eyeing the release of the US Consumer Price Index on Tuesday for fresh signals on the Fed’s monetary policy trajectory
While rare earth minerals and other critical minerals have recently become flashpoints in the escalating trade war between the United States and China, gold has also remained at the top of investors' minds. While some gold companies rely heavily on ...
AUD/USD has turned positive and regains 0.6400 after Australian Consumer Confidence rebounded 2.2% in May from April’s -6% drop. Additionally, a broad US Dollar retreat, as traders weigh the US-Chian trade truce, also adds to the pair's upside. All eyes remain on US CPI data.
SINGAPORE] Gold fell as its haven status was affected by signs of progress in trade talks between US and China, along with some relief to geopolitical tensions. Read more at The Business Times.
Trade at Chicago’s O’Hare International Airport and New York’s JFK International Airport each increased more than 100% from the previous March, according to U.S.
Waratah Capital Advisors Ltd. is betting on gold to lift its returns this year as investors pile into the asset to shelter their wealth during the global trade war.