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Inflation data and a drop in jobless claims lifted the dollar and treasury yields, trimming the odds of a supersized september rate cut. Traders await powell's guidance on 2025 rate policies Spot gold prices have hit new record highs this year, but further upside is still expected through 2025 and 2026
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What’s the latest gold price forecast? Jobs data strengthened expectations of a rate cut in september. Stocks fell worldwide after the s&p500 lost over 2.9% on wednesday's new federal reserve 'dot plot' forecasts.
Get updated data about gold, silver and other metals prices
Find gold, silver, and copper futures and spot prices. Inflation data and a drop in jobless claims lifted the dollar and treasury yields, trimming the odds of a supersized september rate cut Spot gold fell 0.7% to $3,331.03 per ounce as of 12:20 p.m Gold prices were subdued on thursday (jan 9) as rising yields and a stronger us dollar weighed, while investors awaited us data for clarity on the federal reserve’s interest rate stance for 2025.
Gold prices rebound but face resistance at $2663 as the fed signals fewer rate cuts in 2025, limiting upside momentum Rising treasury yields nearing 4.638% and a strong dollar pose. The us dollar index, which tracks the performance of the american currency against six others, surges 0.70%.
