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Gold supported by trade tensions ahead of US inflation data
Gold prices rose on Tuesday with global trade tensions supporting demand for safe-haven assets, and investors awaiting U.S. inflation data due later in the day that could give clues on the Federal Reserve’s interest rate path. Spot gold was up 0.5% at $3,360.35 per ounce, as of 0436 GMT. U.S. gold futures gained 0.3% at $3,369.50. “Gold has shown in the past that it is an asset of choice when tariff tensions are ratcheted up, and the precious metal’s move towards $3,350 is evidence of this pattern playing out again,” KCM Trade Chief Market Analyst Tim Waterer said. “However, higher treasury yields and USD ... (full story)
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From cnbc.com|Jul 15, 2025|11 commentsJune’s inflation report will be looked at not so much for what the headline numbers show than what’s in the underlying data, especially whether tariffs are starting to have an ...
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- Jul 15, 2025 1:22am Posted byFundamental Analysis290
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