Gold Rises to a Seven-Week High as the Dollar and Yields Tumble After U.S. Inflation Slowed Last Month

Gold traded at a seven-week high early on Thursday, spiking back above the US$2,400 mark for the first time since May 22 after U.S. consumer prices rose less than expected last month, sending the

MT NewswiresJul 11 09:24 ET

Tracking Hong Kong stock concepts | The Fed does not need to wait for inflation to fall below 2% before lowering interest rates. Gold prices will have further drivers in the future. (Attached concept stocks)

Continuing to stay ahead of the expected rate cut by the Federal Reserve, industry insiders say that the adjustment in gold prices may provide a good buying opportunity.

Zhitong FinanceJul 10 20:52 ET

Gold Price Resumes Uptrend, US CPI in Focus

Gold surges amid growing expectations of Fed rate cuts in September.

FXStreetJul 10 14:40 ET

Gold Price Inches Higher as Powell Signals Patience

Gold prices rise above $2,360 after Powell’s Senate testimony indicates a cautious approach to rate cuts.

FXStreetJul 9 15:31 ET

Gold prices fell after investors took profit, ING said the gold rally will continue until the end of the year.

USA gold futures fell sharply on Monday as investors took profits. Last week, the price of gold rose sharply on expectations that the Federal Reserve might lower interest rates in September.

Zhitong FinanceJul 8 20:15 ET

Huaxi Securities: Gold is currently in a long upward cycle and if the price falls in the future, it is expected to drive central banks around the world to purchase gold again.

According to a strategy research report from Huaxi Securities, in the long term, gold is in a large upward cycle. Firstly, in recent years, the scale of US debt has been expanding at an accelerated pace, and the pressure of interest payment continues to rise. After the conflict between Russia and Ukraine, the United States imposed financial sanctions on Russia, which has impacted the credibility of the US dollar. Due to concerns about the risk of US dollar credit and US dollar assets, central banks worldwide continue to increase their gold reserves.

Zhitong FinanceJul 7 06:33 ET