Gold edges down on stronger dollar, market awaits US inflation data

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 41 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Kelvin Wong News

Gold Prices,Inflation Report

Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a...

- Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut.

The short-term trend for gold remains strong, with the potential to hit new highs. In the longer term, it may face resistance around the $2,585 to $2,595 range, Wong added. A report on Tuesday showed that U.S. consumer confidence rose to a six-month high in August but Americans are becoming more anxious about the labour market.

BARCELONA, Spain — Spain's prime minister announced a series of agreements with the West African nation of Mauritania on Tuesday to stem a surge in migrants making the dangerous Atlantic journey to the Canary Islands.HONG KONG — Two journalists who led a now-shuttered Hong Kong online news outlet will hear a verdict in their sedition case on Thursday, in a trial that's seen as an indicator for press freedom in the semi-autonomous Chinese city.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold SWOT: If gold is poised to move, gold stocks may finally be back in playThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »