Gold holds firm near 9-year peak as coronavirus concerns offset positive China data

Jul 16, 2020 09:51 am UTC| Commentary

Gold prices declined but held firm near a 9-year peak, as concerns over rising coronavirus cases and deteriorating U.S.-China relations offset upbeat Chinese economic data. Spot gold eased 0.2 percent at $1,806.23 per...

Gold steadies amid coronavirus spread, U.S.-China tensions

Jul 15, 2020 09:50 am UTC| Commentary

Gold prices surged, holding firm above the psychological $1,800 level, as worries over surging coronavirus cases and simmering U.S.-China tensions supported the safe-haven metals demand. Spot gold was trading 0.1 higher...

U.S. headline inflation accelerates in June

Jul 14, 2020 17:18 pm UTC| Commentary

U.S. consumer prices rose 0.6 percent sequentially in the month of June, the first rise since COVID-19 hit. On a year-on-year basis, CPI rose 0.6 percent, accelerating from 0.1 percent seen in May. Energy prices rose for...

Swedish CPIF inflation accelerates above expectations

Jul 14, 2020 15:05 pm UTC| Commentary

Swedish inflation remains volatile. The CPIF inflation came in at 0.7 percent year-on-year in June, above expectations. Excluding energy, CPIF rose to 1.3 percent year-on-year, 0.2 percentage points higher than...

U.K. economic activity grows below expectations in May, output likely picked up in remainder of Q2

Jul 14, 2020 13:19 pm UTC| Commentary

The level of U.K. economic activity picked up in May after two months of straight declines, giving tentative signs that the U.K. economy was on the road to recovery. Nevertheless, the rise of 1.8 percent sequentially was...

Gold eases as greenback gains amid U.S.-China tensions

Jul 14, 2020 08:29 am UTC| Commentary

Gold prices slumped below the key $1,800 level, as the U.S. dollar strengthened, although worries over surging coronavirus cases globally and U.S.-China tensions limited losses. Spot gold was trading 0.1 percent down at...

Swedish CPIF inflation likely accelerated in June on higher energy prices

Jul 13, 2020 12:36 pm UTC| Commentary

Swedish June inflation data is set to release tomorrow. According to a Nordea Bank research report, the CPIF inflation is likely to have accelerated to 0.5 percent year-on-year in the month from zero in May. The likely...