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Gold prices were set for a fourth straight monthly gain, even as the market struggled for momentum on Friday ahead of a key U.S. inflation reading that could provide more indications on how the...

Gold prices were set for a fourth straight monthly gain, even as the market struggled for momentum on Friday ahead...

Metal is set for fourth consecutive monthly gain, even as market struggles for momentum ahead of key US inflation reading

Gold prices were set for a fourth straight monthly gain, even as the market struggled for momentum on Friday ahead of a key US inflation reading that could provide more indications on how the Federal Reserve might proceed with rate cuts later this year. Spot gold was unchanged at $2,343.63 per ounce, as of 0726 GMT. Bullion prices are up 0.4% so far this week and 2.5% so far in the month. US gold futures was flat to $2,341.80, said Reuters.

Across the broader market, advancers beat decliners only slightly, at 276 to 272 Read more at straitstimes.com.

Gold prices appeared set for a second consecutive weekly gain on Friday, after recent U.S. inflation data fuelled expectations that the Federal Reserve could cut interest rates this year. ... -May 16, 2024 at 11:12 pm EDT - MarketScreener

Gold prices appeared set for a second consecutive weekly gain on Friday, after recent U.S. inflation data fuelled expectations that the Federal Reserve could cut interest rates twice this year,... -May 17, 2024 at 03:06 am EDT - MarketScreener

US data showing slower-than-expected inflation bolsters argument for interest rate cut, which may drive even greater consumption

Brent crude futures were up four cents at $82.79 a barrel by 1120 GMT, while U.S. West Texas Intermediate crude gained four cents to $78.67

LONDON: Brent oil futures held steady on Thursday, bolstered by signs of stronger demand in the US after slower than...