Gold prices may face near-term retracement due to stronger dollar, yields

November 12, 2024

Stronger bond yields, a rising US dollar, and risk-on sentiment in equities may lead to a short-term retracement in gold prices, according to the World Gold Council. November saw gold pressured by higher opportunity costs, US dollar strength, and gold ETF outflows.

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Oil prices edge down, forecasts for higher oil output, weak demand growth weigh

Oil prices edged lower. Global production is expected to rise. Demand growth forecasts are weak. The US dollar strengthened. OPEC lowered its oil demand growth

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Asian equities climb as US CPI supports Fed easing

US consumer price data was in line with expectations on a headline basis, although the annualized three-month core rate picked up. Overall, the numbers were

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