Currency market moves were small on Thursday as investors waited for key data on U.S. inflation to give clues on the Federal Reserve's policy tightening trajectory
A robust inflation reading is expected to burnish gold's appeal as an inflation hedge, but interest rate hikes would raise the opportunity cost of holding non-yielding bullion
The performance in Asian stocks was sharply divided between Chinese equities and the rest of the region
Spot gold XAU= was up 0.1% at $1,827.20 per ounce as of 0957 GMT, trading in a narrow $5 range. U.S. gold futures GCv1 were steady at $1,828.40
Oil prices fell on Thursday as the US dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world's biggest oil user
Major central banks are preparing to withdraw the excess stimulus measures of the past couple of years.
US President Joe Biden has pledged to "get inflation under control" as American voters were increasingly pessimistic about the economy
US consumer price inflation was at its highest in nearly 40 years, data showed overnight
US central bankers are coalescing around a plan to start tapping the brakes on economic growth as soon as March, with further monetary policy tightening likely as the year goes on
World stocks rose while US Treasury yields and the dollar fell, after the latest US inflation data showed price pressures surging
The consumer price index climbed 7% in 2021, according to Labor Department data released Wednesday
Spot gold was down 0.3% at $1,816.76 per ounce at 1025 GMT, after posting its biggest one-day percentage rise since mid-December on Tuesday. U.S. gold futures were little changed at $1,817.70.
Gold prices eased on Wednesday as traders kept an eye out for US inflation data for rate clues after less hawkish comments from the Federal Reserve chief
Major share markets were muted on Monday as investors count down to another US inflation reading that could well set the seal on an early rate hike from the Federal Reserve
The dollar started the week with support as traders bet US inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates
Asian share markets were muted on Monday as investors count down to another US inflation reading that could well set the seal on an early rate hike from the Federal Reserve
A key inflation measure closely watched by the US Federal Reserve increased at the fastest pace in 39 years in November, raising pressure on the central bank to tighten monetary policy.
With every trip to the grocery store and gas pump eating away a little more of their paychecks, people have less left over for discretionary purchases
The US Federal Reserve announced a faster tapering of the central bank's asset purchase program beginning in January amid the rising inflation.
The US Federal Reserve is expected to announce this week that the central bank will accelerate the pace of tapering asset purchases and prepare for raising interest rates in 2022