Gold, silver see two-sided trade ahead of U.S. CPI gold silver CPI
Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
Traders are awaiting the U.S. data point of the week, due out Thursday morning: the consumer price index report for December. The CPI headline number is expected to come in at up 6.5%, year-on-year, which compares to the 7.1% rise reported in the November report. A bigger miss to the upside or downside on the CPI headline number would very likely significantly move many markets.
The key outside markets today see the U.S. dollar index slightly higher on a corrective bounce prices Monday hit a 6.5-month low. Nymex crude oil futures prices are solidly up and trading around $77.50 a barrel. Meantime, the yield on the benchmark U.S. 10-year Treasury note is presently fetching 3.57%.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold SWOT: Call activity in largest gold miners ETF is the highest since MarchCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »
Lundin Gold produces 476 koz of gold in 2022, beats guidanceA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
New Gold produces 347,054 gold equivalent ounces in 2022, achieves updated guidanceA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Some Toronto flights affected as technical problems cause delays in U.S.A problem with U.S. flight systems could cause headaches for travellers at Pearson this morning.
Read more »
Investors await two key events; Powell’s speech and December's CPIExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Read more »
U.S. stocks bounce back with brewing optimism over CPI - BNN BloombergStocks rose on bets the upcoming consumer price index will show further softening, which could help build the case for the Federal Reserve to slow its pace of rate hikes — even as some officials say it’s too early to declare victory over inflation.
Read more »