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Iraq Bulletin

Tag : producer price index

Business

Gold stays above $4,400 before US inflation releases

iraqbulletin.co
The U.S. dollar remained subdued during early trading, supporting dollar-priced precious metals. A weaker dollar reduces the cost of gold for buyers using other currencies. Meanwhile, the benchmark U.S. 10-year Treasury yield remained elevated near 4.84%. Gold does not pay interest, making changes in bond yields important for precious metals markets. Brent crude also held above $100 a barrel after...
Business

Gold clears $4,400 while US inflation data takes focus

iraqbulletin.co
Gold advanced for a third consecutive session on Tuesday as bullion extended its rebound from last week. Spot gold gained 1% to $4,432.74 an ounce by 0217 GMT, reaching its highest level since June 5. U.S. gold futures climbed 1.7% to $4,492.60. The move pushed prices above the seven-week peak recorded last week and continued a recovery that accelerated after...
Business

Gold falls below $4,000 after oil prices jump

iraqbulletin.co
NEW YORK / RankWire.AI / – Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold futures for August delivery......
Business

China inflation hits 1% in March as PPI turns positive

iraqbulletin.co
BEIJING: China’s consumer inflation rose 1.0% in March from a year earlier, official data showed on Friday, easing from February’s 1.3% increase as spending cooled after the Lunar New Year holiday period. On a month-on-month basis, the consumer price index fell 0.7%, reversing February’s 1.0% rise. For the first quarter, consumer prices were......