Page 24 - Us Inflation

Gold buoyed by Covid-19 Delta variant woes; focus on US inflation data

Spot gold was up 0.1% at $1,730.31 per ounce by 0637 GMT, and US gold futures rose 0.1% to $1,732.70

Gold price slip, hovers near four-week peak on dovish US Fed chairman

Gold prices slipped on Thursday, just below a four-week high hit in the previous session as dollar clawed up in Asia trade after falling day before

Fed's Powell stays focused on jobs recovery, expects inflation to ease

Any move to pull back support for the economy, by first slowing the US central bank's $120 billion in monthly bond purchases, is 'still a ways off,' Powell says

Stocks, debt yields slip on biggest US inflation hike in 13 years

Stocks on Wall Street at first took the CPI data in stride, bidding up technology stocks that typically thrive with low interest rates

US consumer prices post largest gain in 13 yrs; inflation has likely peaked

The consumer price index increased 0.9% last month, the largest gain since June 2008, after advancing 0.6% in May.

Nasdaq hits record high as growth stocks rise; inflation data weighs

Nine of the 11 major S&P 500 sector indexes were trading lower, with the defensive real estate and utilities sectors leading declines.

Gold prices inch higher as investors shift focus to US inflation data

Gold prices edged higher on Tuesday as dollar weakened ahead of the release of US inflation data, increasing the appeal of the metal for holders of other currencies

Gold subdued on firmer dollar even as investors await US inflation data

Spot gold was down 0.3% at $1,802.90 per ounce by 0906 GMT. U.S. gold futures slipped 0.5% to $1,801.90 per ounce

Fed will not raise rates on inflation fears alone, Jerome Powell says

Federal Reserve Chair Jerome Powell reaffirmed the US central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly

What investors are watching from the Fed: taper talk and inflation

The Fed is keen to minimize the possibility of a market disruption when it begins to reduce its $120 billion per month government bond

World shares mostly higher after United States inflation up 5% in May

Shares were mostly higher in Europe and Asia on Friday after the S&P 500 index notched another record high despite a surge in US consumer prices in May. Benchmarks rose in Paris, Frankfurt and Hong Kong but fell in Tokyo and Shanghai. On Thursday, Wall Street logged gains while bond yields mostly fell despite the much-anticipated report showing consumer prices rose 5% in May, the biggest year-over-year increase since 2008 and more than economists had expected. Investors also reacted positively to more data that showed continued improvement in the labour market. Markets will be tuning in this weekend for any developments at the summit of the Group of Seven in Britain. At the top of the leaders' agenda is helping countries recover from the coronavirus pandemic, which has killed more than 3.7 million people and wrecked economies. The G-7 leaders are meeting for three days at a British seaside resort. It's the first such gathering since before the pandemic. Investors will get to see

Gold tops $1,900/oz mark as dollar, bond yields dip after US data

US gold futures rose 0.4% to $1,903.90 per ounce.

Asian shares mixed after United States' inflation jumps 5% in May

Shares were mostly higher in Asia on Friday after the S&P 500 index notched another record high despite a surge in US consumer prices in May. Shanghai fell, Tokyo was nearly unchanged, while shares rose in Hong Kong, Seoul and Sydney. US futures were marginally lower. On Thursday, Wall Street logged gains while bond yields mostly fell despite the much-anticipated report showing consumer prices rose 5 per cent in May, the biggest year-over-year increase since 2008 and more than economists had expected. Investors also reacted positively to more data that showed continued improvement in the labour market. The worry is that if signs of inflation persist, central banks may move to withdraw stimulus from the economy to ease price pressures. But investors are still buying into the Federal Reserve's stance that the current bout of inflation is transitory, said Jeffrey Halley of OANDA. Financial markets have long raised a selective use of facts to an art form," Halley said in a ...

Gold breaches $1,900 mark as dollar, yields dip after US inflation data

Spot gold was up 0.1% at $1,900.10 per ounce, as of 0518 GMT

Inflation fails to shake US mkts out of torpor, with Fed in driver's seat

Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target

Top headlines: May US consumer prices climb; WHO warns about Delta variant

Business Standard brings you top news of the day

Dollar oscillates as market digests US inflation data, ECB

The dollar index, which measures the greenback against a basket of major currencies, has fluctuated narrowly around the psychologically important 90 level, and was last down 0.08% at 90.058.

S&P 500 hits record high as Wall Street brushes off higher inflation data

Meme stocks flit between gains and losses; Boeing gains on possible UAL order

S&P 500 futures turn negative after US inflation rises more than expected

Prices paid by US consumers rose in May by more than forecast, extending a months-long buildup in inflation that risks becoming more established as the economy strengthens

Asian shares advance as investors await United States inflation data

Benchmarks rose across the region, but stayed in a relatively narrow range.