Gold Steadies After Tame US Inflation Data Eases Rate-Hike Bets
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold slipped below $4,400 an ounce, paring gains seen after a subdued US inflation report relieved pressure on the Federal Reserve to hike interest rates. Bullion fell as much as 1%, reversing course after a spike to a 10-week high earlier in the session. That followed a gain of nearly 1% on Wednesday after an consumer price index data suggested the impact of energy-price shocks from the Iran war faded. Still, inflation risks loom large with negotiations to end the conflict in stalemate.
Dated changes to this report are shown here as they are published.
Version 2unpublished
Removed by Scoop Timeline eligibility policy
Version 3published
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold traded either side of $4,400 an ounce, after a subdued US inflation report relieved pressure on the Federal Reserve to hike interest rates. Bullion fell as much as 0.7% following a spike to a 10-week high earlier in the session. That followed a gain of nearly 1% on Wednesday after an inflation print suggested the impact of energy-price shocks from the Iran war faded.
Version 4unpublished
Removed by Scoop Timeline eligibility policy
Version 5published
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold traded either side of $4,400 an ounce, after a subdued US inflation report relieved pressure on the Federal Reserve to hike interest rates. Bullion fell as much as 0.7% following a spike to a 10-week high earlier in the session. That followed a gain of nearly 1% on Wednesday after an inflation print suggested the impact of energy-price shocks from the Iran war faded.
Version 6unpublished
Removed by Scoop Timeline eligibility policy
Version 7published
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold traded either side of $4,400 an ounce, after a subdued US inflation report relieved pressure on the Federal Reserve to hike interest rates. Bullion fell as much as 0.7% following a spike to a 10-week high earlier in the session. That followed a gain of nearly 1% on Wednesday after an inflation print suggested the impact of energy-price shocks from the Iran war faded.
Version 8unpublished
Removed by Scoop Timeline eligibility policy
Version 9published
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold traded either side of $4,400 an ounce, after a subdued US inflation report relieved pressure on the Federal Reserve to hike interest rates. Bullion fell as much as 0.7% following a spike to a 10-week high earlier in the session. That followed a gain of nearly 1% on Wednesday after an inflation print suggested the impact of energy-price shocks from the Iran war faded.
Version 10unpublished
Removed by Scoop Timeline eligibility policy
Version 11published
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold slipped below $4,400 an ounce, paring gains seen after a subdued US inflation report relieved pressure on the Federal Reserve to hike interest rates. Bullion fell as much as 1%, reversing course after a spike to a 10-week high earlier in the session. That followed a gain of nearly 1% on Wednesday after an consumer price index data suggested the impact of energy-price shocks from the Iran war faded. Still, inflation risks loom large with negotiations to end the conflict in stalemate.
Version 12unpublished
Removed by Scoop Timeline eligibility policy
Version 13published
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold slipped below $4,400 an ounce, paring gains seen after a subdued US inflation report relieved pressure on the Federal Reserve to hike interest rates. Bullion fell as much as 1%, reversing course after a spike to a 10-week high earlier in the session. That followed a gain of nearly 1% on Wednesday after an consumer price index data suggested the impact of energy-price shocks from the Iran war faded. Still, inflation risks loom large with negotiations to end the conflict in stalemate.