{"id":142917,"date":"2024-12-04T16:07:43","date_gmt":"2024-12-04T16:07:43","guid":{"rendered":"https:\/\/kinesis.money\/?p=142917"},"modified":"2024-12-04T16:07:46","modified_gmt":"2024-12-04T16:07:46","slug":"gold-edges-higher-ahead-us-economic-data-2","status":"publish","type":"post","link":"https:\/\/kinesis.money\/pt-br\/market-analysis\/gold-news\/gold-edges-higher-ahead-us-economic-data-2\/","title":{"rendered":"Gold Price News: Gold Edges Higher Ahead of US Economic Data"},"content":{"rendered":"\n

Gold prices were slightly higher on Tuesday, gaining modest ground from Monday\u2019s dip to below $2,630 an ounce.<\/p>\n\n\n\n

Prices moved in a narrow range of $2,634 to $2,655 an ounce on Tuesday, compared with around $2,642 an ounce in late deals on Monday. However, the day\u2019s price action showed a modest increase from Monday\u2019s intraday low of $2,623 an ounce.<\/p>\n\n\n\n

\"Gold
Gold KAU\/USD \u2013 1hr view \u2013 Kinesis Exchange<\/figcaption><\/figure>\n\n\n\n

Barring a slight uptick, the markets were broadly stable on Tuesday, looking ahead to the latest round of US economic figures on Wednesday.<\/p>\n\n\n\n

Markets eye further interest rate cuts<\/h2>\n\n\n\n

The US JOLTs job openings figures came out on Tuesday showing open positions increased by 372,000 to 7.744 million in October, some way above market expectations of 7.48 million. Signs of a stronger labour market can indicate lower chances of interest rate cuts in the coming months. However, traders appear to have increased bets this week on the chances of a 25-basis point cut by the US Fed at its next meeting on December 18th<\/sup>.<\/p>\n\n\n\n

Upcoming events<\/h2>\n\n\n\n

Looking ahead, Wednesday will see a speech by ECB President Christine Lagarde for an update on the state of the European economy. This will be followed by a flurry of US economic data, including the S&P Global Composite and Services PMI figures for November, ISM Services PMIs for November and Factory Orders for October. These will be followed by a speech by US Fed Chair Jerome Powell after the European markets have closed. Beyond that, the markets will be watching out for Thursday\u2019s weekly US initial jobless claims figures for the week ending November 30th<\/sup>.<\/p>\n\n\n\t\t\t

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Frank\u2019s experience<\/a> covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
\n<\/i><\/p>\n

Read our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Gold prices were slightly higher on Tuesday, gaining modest ground from Monday\u2019s dip to below $2,630 an ounce. Prices moved in a narrow range of $2,634 to $2,655 an ounce on Tuesday, compared with around $2,642 an ounce in late deals on Monday. However, the day\u2019s price action showed a modest increase from Monday\u2019s intraday […]<\/p>\n","protected":false},"author":50,"featured_media":142902,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[215],"tags":[],"class_list":["post-142917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"acf":[],"yoast_head":"\nGold Price News: Gold Edges Higher Ahead of US Economic Data - Kinesis<\/title>\n<meta name=\"description\" content=\"Stay ahead of the gold market with the latest price updates. 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