Gold Pares Gains as Inflation Affirms Fed’s Cautious Easing Path

News

  • Today's news
  • US
  • Politics
  • World
  • Tech
    • Reviews and deals
    • Audio
    • Computing
    • Gaming
    • Health
    • Home
    • Phones
    • Science
    • TVs
  • Climate change
  • Health
  • Science
  • 2024 election
  • Originals
    • The 360
  • Newsletters

Life

  • Health
    • COVID-19
    • Fall allergies
    • Health news
    • Mental health
    • Relax
    • Sexual health
    • Studies
    • The Unwind
  • Parenting
    • Family health
    • So mini ways
  • Style and beauty
    • It Figures
    • Unapologetically
  • Horoscopes
  • Shopping
    • Buying guides
  • Food
  • Travel
  • Autos
  • Gift ideas
  • Buying guides

Entertainment

  • Celebrity
  • TV
  • Movies
  • Music
  • How to Watch
  • Interviews
  • Videos

Finance

  • My Portfolio
  • News
    • Latest News
    • Stock Market
    • Originals
    • The Morning Brief
    • Premium News
    • Economics
    • Housing
    • Earnings
    • Tech
    • Crypto
    • Biden Economy
  • Markets
    • Stocks: Most Actives
    • Stocks: Gainers
    • Stocks: Losers
    • Trending Tickers
    • Futures
    • World Indices
    • US Treasury Bonds Rates
    • Currencies
    • Crypto
    • Top ETFs
    • Top Mutual Funds
    • Options: Highest Open Interest
    • Options: Highest Implied Volatility
    • Sectors
    • Basic Materials
    • Communication Services
    • Consumer Cyclical
    • Consumer Defensive
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Utilities
  • Research
    • Screeners
    • Screeners Beta
    • Watchlists
    • Calendar
    • Stock Comparison
    • Advanced Chart
    • Currency Converter
    • Investment Ideas
    • Research Reports
  • Personal Finance
    • Credit Cards
    • Balance Transfer Cards
    • Cash-back Cards
    • Rewards Cards
    • Travel Cards
    • Credit Card Offers
    • Banking
    • CD Rates
    • Best HYSA
    • Best Free Checking
    • Student Loans
    • Personal Loans
    • Insurance
    • Car insurance
    • Mortgages
    • Mortgage Refinancing
    • Mortgage Calculator
    • Taxes
  • Videos
    • Latest News
    • Editor's Picks
    • Investing Insights
    • Trending Stocks
    • All Shows
    • Morning Brief
    • Opening Bid
    • Wealth
    • Invest
    • ETF Report
  • Streaming Now

Sports

  • Fantasy
    • News
    • Fantasy football
    • Best Ball
    • Pro Pick 'Em
    • College Pick 'Em
    • Fantasy baseball
    • Fantasy hockey
    • Fantasy basketball
    • Download the app
  • Daily fantasy
  • NFL
    • News
    • Scores and schedules
    • Standings
    • Stats
    • Teams
    • Players
    • Drafts
    • Injuries
    • Odds
    • Super Bowl
    • GameChannel
    • Videos
  • MLB
    • News
    • Scores and schedules
    • Standings
    • Stats
    • Teams
    • Players
    • Odds
    • Videos
    • World Baseball Classic
  • NBA
    • News
    • Draft
    • Scores and schedules
    • Standings
    • Stats
    • Teams
    • Players
    • Injuries
    • Videos
    • Odds
    • Playoffs
  • NHL
    • News
    • Scores and schedules
    • Standings
    • Stats
    • Teams
    • Players
    • Odds
    • Playoffs
  • Soccer
    • News
    • Scores and schedules
    • Premier League
    • MLS
    • NWSL
    • Liga MX
    • CONCACAF League
    • Champions League
    • La Liga
    • Serie A
    • Bundesliga
    • Ligue 1
    • World Cup
  • College football
    • News
    • Scores and schedules
    • Standings
    • Rankings
    • Stats
    • Teams
    • MMA
    • WNBA
    • Sportsbook
    • NCAAF
    • Tennis
    • Golf
    • NASCAR
    • NCAAB
    • NCAAW
    • Boxing
    • USFL
    • Cycling
    • Motorsports
    • Olympics
    • Horse racing
    • GameChannel
    • Rivals
    • Newsletters
    • Podcasts
    • Videos
    • RSS
    • Jobs
    • Help
    • World Cup
    • More news

New on Yahoo

  • Creators
  • Games
  • Tech
  • Terms
  • Privacy
  • Your Privacy Choices
  • Feedback

© 2024 All rights reserved. About our ads Advertising Careers Yahoo Finance Yahoo Finance Search query Select edition

  • USEnglish
  • US y LATAMEspañol
  • AustraliaEnglish
  • CanadaEnglish
  • CanadaFrançais
  • DeutschlandDeutsch
  • FranceFrançais
  • 香港繁中
  • MalaysiaEnglish
  • New ZealandEnglish
  • SingaporeEnglish
  • 台灣繁中
  • UKEnglish
  • News
  • Finance
  • Sports
    • News
      • Today's news
      • US
      • Politics
      • World
      • Weather
      • Climate change
      • Health
      • Science
      • 2024 election
      • Originals
      • Newsletters
    • Life
      • Health
      • Parenting
      • Style and beauty
      • Horoscopes
      • Shopping
      • Food
      • Travel
      • Autos
      • Gift ideas
      • Buying guides
    • Entertainment
      • Celebrity
      • TV
      • Movies
      • Music
      • How to watch
      • Interviews
      • Videos
    • Finance
      • My portfolio
      • Watchlists
      • Markets
      • News
      • Videos
      • Screeners
      • Personal finance
      • Crypto
      • Industries
    • Sports
      • Fantasy
      • NFL
      • NBA
      • MLB
      • NHL
      • College football
      • College basketball
      • Soccer
      • MMA
      • Yahoo Sports AM
      • New on Yahoo
        • Creators
        • Games
        • Tech
      • Selected edition

Sign in

    Upgrade to Premium Gold Pares Gains as Inflation Affirms Fed’s Cautious Easing Path Yvonne Yue Li Wed, Nov 27, 2024, 9:52 AM 1 min read

    In This Article:

    GC=F ^FTSE

    (Bloomberg) — Gold eked out small gains as the dollar extended losses after the latest US data showed a key inflation gauge picked up last month, reinforcing expectations that the Federal Reserve will adopt a measured approach to lowering interest rates.

    Most Read from Bloomberg

    • New York City’s ‘Living Breakwaters’ Brace for Stormier Seas

    • In Italy’s Motor City, Car-Free Options Are Growing

    • In Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the Field

    • In Traffic-Weary Toronto, a Battle Breaks Out Over Bike Lanes

    The Fed’s preferred measure of underlying inflation — the so-called core personal consumption expenditures price index — increased 2.8% from October last year and 0.3% from a month earlier, according to Bureau of Economic Analysis figures published Wednesday. The price index strips out volatile food and energy items.

    The print came after policymakers indicated in the minutes of their November meeting their support for a careful approach to rate cuts. Lower rates typically benefit bullion as it pays no interest.

    Data earlier Wednesday also showed the US economy expanded at a solid pace in the third quarter, largely powered by a broad-based advance in consumer spending and steady business investment. Separate figures showed initial jobless claims were little changed and pending sales of US homes unexpectedly rose.

    Spot gold rose 0.3% to $2,641.11 an ounce as of 10:46 a.m. in New York. The precious metal is up about 28% this year.

    Gold fell earlier in the week, as Israel and Lebanese militant group Hezbollah came to an agreement on a 60-day suspension of hostilities, which started early Wednesday. Easing geopolitical tensions typically weigh on gold, diminishing its appeal as a safe haven asset.

    Silver and palladium dropped on Wednesday, while platinum rose. The Bloomberg Dollar Spot Index declined about 0.5%.

    –With assistance from Jason Scott and Jack Ryan.

    Most Read from Bloomberg Businessweek

    • Musk’s Team of Budget-Slashing MAGA Billionaires Takes Shape

    • What Happens When US Hospitals Go Big on Nurse Practitioners

    • Why the Flying Experience Feels So Much Worse

    • The Charm Bracelet Shop That Keeps Going Viral

    • Top Business Schools See Growing Minority Enrollment

    ©2024 Bloomberg L.P.

    Terms and Privacy Policy Your Privacy Choices

    Recommended Stories

  • Related Posts

    Stocks Fall as Data Bolster Fed’s ‘No Rush’ Stance: Markets Wrap

    News Today's news US Politics World Tech Reviews and deals Audio Computing Gaming Health Home Phones Science TVs Climate change Health Science 2024 election Originals The 360 Newsletters Life Health…

    Goldman’s Upbeat South African Inflation Call Outdoes Central Bank View

    News Today's news US Politics World Tech Reviews and deals Audio Computing Gaming Health Home Phones Science TVs Climate change Health Science 2024 election Originals The 360 Newsletters Life Health…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Diagnosing Health Care: Health Policy Update: Impact of the 2024 U.S. Elections [Podcast]

    • By admin
    • November 27, 2024
    • 1 views
    Diagnosing Health Care: Health Policy Update: Impact of the 2024 U.S. Elections [Podcast]

    Gold Pares Gains as Inflation Affirms Fed’s Cautious Easing Path

    • By admin
    • November 27, 2024
    • 4 views

    Stocks Fall as Data Bolster Fed’s ‘No Rush’ Stance: Markets Wrap

    • By admin
    • November 27, 2024
    • 2 views

    Dow Jones Today: Stock Futures Little Changed Ahead of Key Inflation Data as Market Looks to Add to Record Highs

    • By admin
    • November 27, 2024
    • 3 views

    Goldman’s Upbeat South African Inflation Call Outdoes Central Bank View

    • By admin
    • November 27, 2024
    • 4 views

    Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs

    • By admin
    • November 27, 2024
    • 4 views