Gold Rebounds From One-Week Low as US Dollar Weakens
🟡 On October 15, spot gold rose 0.7% to approximately $4,134 per ounce, recovering after hitting its lowest level since October 7 in the previous session.
💵 The rebound came as the US dollar eased from an 18-month high and Treasury yields declined, improving gold's appeal. However, higher-than-expected September CPI data continued to keep investors cautious about the Fed's interest rate outlook.
📊 Investors are awaiting US PPI and retail sales reports scheduled for later on October 15. These releases could shift monetary policy expectations and influence gold price movements in the coming sessions.
#Gold
🟡 On October 15, spot gold rose 0.7% to approximately $4,134 per ounce, recovering after hitting its lowest level since October 7 in the previous session.
💵 The rebound came as the US dollar eased from an 18-month high and Treasury yields declined, improving gold's appeal. However, higher-than-expected September CPI data continued to keep investors cautious about the Fed's interest rate outlook.
📊 Investors are awaiting US PPI and retail sales reports scheduled for later on October 15. These releases could shift monetary policy expectations and influence gold price movements in the coming sessions.
#Gold